Project Vision Inc

Analysis

Project Vision Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Project Vision Inc reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $438k to $2.0m (+359%), an average of +46% a year. The sharpest change came in the year to August 2022, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Vision Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Mary Magdalene Community Services Agency ($2.0m), Family Engagement Lab ($2.0m) and Stanislaus Family Justice Center Foundation ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 3.1% of the total. Other salaries and wages came to $904k. At year end it held assets of $868k against liabilities of $477k, net assets of $391k. It reported 197 employees.