Project Excel Inc

Analysis

Project Excel Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 Excel Inc reported income of $59k and spending of $72k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $59k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 168%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Excel Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Friends of C H I P S Gymnastics Inc ($59k), PTA California Congress of Parents Teachers & Students Inc ($59k) and Marina Football Booster Club ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.