Project Paul Inc

Analysis

Project Paul Inc is a registered charity in United States, based in Keansburg, NJ. It received its IRS tax-exemption ruling in December 1990, 36 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 December 2023, Project Paul Inc reported income of $375k and spending of $355k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $375k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Paul Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include African Refuge Inc ($375k), Doddridge County Starting Point Center Inc ($375k) and Sos Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $489k against liabilities of $12k, net assets of $477k. It reported 3 employees.