Project Heal Inc

Analysis

Project Heal Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in February 2000, 26 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 Heal Inc reported income of $532k and spending of $528k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $454k to $532k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Heal 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 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Brookings-Harbor Community Helpers Inc ($532k), MCC Material Resource Center of Harleysville ($533k) and Haverford Soccer Club ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $222k (42% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.5m against liabilities of $10k, net assets of $1.5m. It reported 41 employees.