Project Lead Inc

Analysis

Project Lead Inc is a registered charity in United States, based in Richmond Hill, NY. It received its IRS tax-exemption ruling in May 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 July 2023, Project Lead Inc reported income of $384k and spending of $352k, spending 92% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $195k to $384k (+97%), an average of +18% a year. The sharpest change came in the year to July 2020, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Lead Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Nellie Byers Training Center ($384k), Porch-Hillsborough ($384k) and Senior Citizens Activity Center of Burkburnett Inc ($384k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (18% of expenses). Other salaries and wages came to $68k. At year end it held assets of $227k against liabilities of $2,400, net assets of $225k. It reported 13 employees.