Project Share III Inc

Analysis

Project Share III Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in September 1995, 31 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 Share III Inc reported income of $116k and spending of $241k, spending 208% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $116k (+6.0%), an average of +1.5% a year. Over the whole period it spent 162% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Share III Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include CL - Changing Lives ($116k), Guadalupe Valley Christian Counseling Inc ($116k) and Teresa Family Charity ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $827k against liabilities of $420k, net assets of $407k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.