Nancys Project

Analysis

Nancys Project is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Nancys Project reported income of $910k and spending of $833k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $793k to $910k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nancys Project sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Samaritan Counseling Center of Southeast Texas ($910k), Faith Action Ministry Alliance ($910k) and Abounding in Faith Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (2.2% of expenses). Other salaries and wages came to $18k. At year end it held assets of $273k against liabilities of $3,911, net assets of $269k. It reported 4 employees.