Project Tomorrow

Analysis

Project Tomorrow is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Project Tomorrow reported income of $973k and spending of $885k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $181k to $973k (+437%), an average of +52% a year. The sharpest change came in the year to June 2020, when income rose by 487%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Tomorrow sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Alpha Lambda Delta ($973k), Memphis Library Foundation ($973k) and Womenserve ($973k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $344k. At year end it held assets of $775k against liabilities of $251k, net assets of $524k. It reported 7 employees.