Project Share V Inc

Analysis

Project Share V Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 V Inc reported income of $136k and spending of $204k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $136k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Share V Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Support Officer Ministries ($136k), Interfaith AIDS Ministry of Greater Danbury Inc ($136k) and Royal Terrace Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $866k against liabilities of $222k, net assets of $645k.

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.