Project Ricochet Inc

Analysis

Project Ricochet Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Project Ricochet Inc reported income of $685k and spending of $571k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $685k (+949%), an average of +949% a year. The sharpest change came in the year to December 2023, when income rose by 949%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Ricochet Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Southern Appalachian Ronald McDonald House Charities Inc ($685k), TD Club Foundation ($686k) and Rensselaer Boys Club Incorporated ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $394k. At year end it held assets of $132k against liabilities of $0, net assets of $132k.