Project Just Because Inc

Analysis

Project Just Because Inc is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in September 2004, 22 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 December 2023, Project Just Because Inc reported income of $6.4m and spending of $6.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $6.4m (+3.8%), an average of +0.9% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Just Because Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Breckinridge-Grayson Programs Inc ($6.4m), Way Back Inc ($6.4m) and Food for Greater Elgin Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (0.8% of expenses). Other salaries and wages came to $197k. At year end it held assets of $3.4m against liabilities of $1.7m, net assets of $1.7m.