Project ALS Inc

Analysis

Project ALS Inc is a registered charity in United States, based in Huntingtown, MD. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 July 2023, Project ALS Inc reported income of $3.8m and spending of $4.5m, spending 119% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.8m to $3.8m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to July 2021, when income dropped by 39%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project ALS Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Ucm NFP Community Ventures ($3.8m), Anazao Community Partners ($3.8m) and Daughters of Miriam ($3.8m).

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 $465k (10% of expenses). Other salaries and wages came to $354k. At year end it held assets of $1.7m against liabilities of $2.3m, net assets of -$629k. It reported 7 employees.