Project Open Inc

Analysis

Project Open Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1994, 32 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 Open Inc reported income of $133k and spending of $86k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $79k to $133k (+67%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Open Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Birmingham Chapter of the American Association of Blacks in Energy ($133k), Oklahoma Elks Association Charitable TR ($133k) and Tanners Team Foundation ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $227k against liabilities of $1,800, net assets of $225k.