Project Understanding Inc

Analysis

Project Understanding Inc is a registered charity in United States, based in Dix Hills, NY. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Understanding Inc reported income of $57k and spending of $135k, spending 238% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $148k to $57k (-61%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Understanding Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Gallaudet Univ Alumni Assoc Alumni House ($57k), Ware County Band Boosters Club Inc ($57k) and Peacetown ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,884 against liabilities of $0, net assets of $8,884.