Project Deep Inc

Analysis

Project Deep Inc is a registered charity in United States, based in Wilbraham, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, Project Deep Inc reported income of $125k and spending of $129k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $92k to $125k (+36%), an average of +36% a year. The sharpest change came in the year to June 2024, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Project Deep Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Hortonville Youth Sports ($125k), North Gwinnett Lacrosse Association ($125k) and Lumberton Youth Baseball Association Inc ($125k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $21k against liabilities of $1,189, net assets of $19k.