Project Invest

Analysis

Project Invest is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Project Invest reported income of $386k and spending of $398k, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $441k to $386k (-12%), an average of -3.2% a year. The sharpest change came in the year to August 2021, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Invest sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Rogue Theatre ($386k), The American Experience Foundation Inc ($386k) and Ouiatenon Preserve Inc ($386k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $162k (41% of expenses). Other salaries and wages came to $74k. At year end it held assets of $612k against liabilities of $118k, net assets of $493k.