Christmas Project Inc

Analysis

Christmas Project Inc is a registered charity in United States, based in Hudson Falls, NY. It received its IRS tax-exemption ruling in February 1987, 39 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 March 2024, Christmas Project Inc reported income of $261k and spending of $200k, leaving 23% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $215k to $261k (+21%), an average of +4.9% a year. The sharpest change came in the year to March 2022, when income rose by 31%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christmas Project Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Alc Inc ($261k), Itoo Society Inc ($261k) and Help Housing for the Disabled ($261k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $5,000 (2.5% of expenses). Other salaries and wages came to $6,010. At year end it held assets of $526k against liabilities of $0, net assets of $526k. It reported 4 employees.