Project Implicit Inc

Analysis

Project Implicit Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Project Implicit Inc reported income of $437k and spending of $523k, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $497k to $437k (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2022, when income dropped by 47%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Implicit Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Chesterton Academy of the Immaculate Heart ($437k), Fishers Island Library Assoc ($437k) and Aggrandize Global ($437k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.0% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $99k (19% of expenses). Other salaries and wages came to $170k. At year end it held assets of $818k against liabilities of $24k, net assets of $794k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.