Project Lead the Way Inc
5939 Castle Creek Parkway North Dr, Indianapolis, IN · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $64,522,286 | $70,518,191 | $59,123,889 |
| FY2024 | $69,671,602 | $65,229,094 | $64,649,180 |
| FY2023 | $61,023,810 | $60,118,859 | $60,000,628 |
| FY2022 | $65,462,690 | $57,653,861 | $59,162,834 |
| FY2021 | $80,004,133 | $41,882,395 | $54,160,869 |
| FY2020 | $60,241,841 | $62,040,957 | $15,763,792 |
Form 990 filings
The returns filed by Project Lead the Way Inc (EIN 36-4802935), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $14,773,287 | 23% |
| Program service revenue | $34,399,031 | 53% |
| Other revenue | $15,349,968 | 24% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $58,838,247 | 83% |
| Management & general | $10,254,827 | 15% |
| Fundraising | $1,425,117 | 2% |
What the numbers show
- Program service revenue made up 53% of total revenue in FY2025.
- Program services accounted for 83% of functional expenses, management & general 15%, and fundraising 2%.
- 83% of functional expenses went to program services in FY2025. That is higher than 34.6% of 81 Education organizations in IN.
- Net assets covered about 10.1 months of expenses at the end of the reporting year. That puts it in the 38th percentile among 1090 Education organizations in IN.
- Total revenue was higher than 98.2% of 1109 Education organizations in IN.
- Total revenue rose from $60,241,841 in FY2020 to $64,522,286 in FY2025. Revenue increased in 2 and decreased in 3 of 5 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 6 reported years (FY2020, FY2025).
- The highest revenue on record here is $80,004,133 in FY2021.
- Net assets grew from $15,763,792 to $59,123,889 between FY2020 and FY2025.
- Contributions and grants made up 15% of revenue in FY2020 and 23% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PROJECT LEAD THE WAY (PLTW) EMPOWERS STUDENTS TO THRIVE IN AN EVOLVING WORLD.
IRS status
| Ruling year | 2017 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B90 — Education (in IN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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