Project Sage Inc

Analysis

Project Sage Inc is a registered charity in United States, based in Laveville, CT. It received its IRS tax-exemption ruling in January 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Project Sage Inc reported income of $1.5m and spending of $1.3m, spending 84% of its income. Across the 3 years on record, from September 2020 to September 2022, income grew from $1.0m to $1.5m (+48%), an average of +22% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Sage Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Ripen with US Child Care Center Inc ($1.5m), Beacon Rescue Mission ($1.5m) and Alpha & Omega Nutrition Program Inc ($1.5m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 86% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $101k (7.9% of expenses). Other salaries and wages came to $574k. At year end it held assets of $3.6m against liabilities of $815k, net assets of $2.8m. It reported 19 employees.