Project Share VI Inc

Analysis

Project Share VI Inc is a registered charity in United States, based in Medford, NY. It received its IRS tax-exemption ruling in November 1998, 28 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 VI Inc reported income of $103k and spending of $160k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $103k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 137% 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 VI Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include West African Health Foundation ($103k), New Bremen German Township Fire Foundation ($103k) and Licking Memorial Twigs ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $689k against liabilities of $100k, net assets of $589k.

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.