Project Live Inc

Analysis

Project Live Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Project Live Inc reported income of $7.8m and spending of $7.7m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.6m to $7.8m (+2.7%), an average of +0.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Live Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Prologue Inc ($7.8m), Evangelical Lutheran Church in America ($7.8m) and Young Mens Christian Association of Fanwood-Scotch Plains ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $682k (8.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $15.4m against liabilities of $6.6m, net assets of $8.9m. It reported 126 employees.