Project Re-Direct Inc

Analysis

Project Re-Direct Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2009, 17 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 October 2023, Project Re-Direct Inc reported income of $17.3m and spending of $11.0m, leaving 37% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $9.3m to $17.3m (+86%), an average of +17% a year. The sharpest change came in the year to October 2023, when income rose by 78%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Re-Direct Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include YWCA Golden Gate Silicon Valley ($17.3m), Childrens Home of Jefferson ($17.3m) and Auberle ($17.3m).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $625k. At year end it held assets of $12.5m against liabilities of $1.7m, net assets of $10.8m. It reported 231 employees.