Project Home

Analysis

Project Home is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1989, 37 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 June 2023, Project Home reported income of $73.8m and spending of $46.4m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.7m to $73.8m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Home sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Medassist of Mecklenburg ($73.8m), Second Harvest Food Bank of Northwest North Carolina Inc ($73.8m) and Easterseals Morc Health Care Inc ($73.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $1.2m (2.6% of expenses). Other salaries and wages came to $20.4m. At year end it held assets of $184.3m against liabilities of $30.4m, net assets of $153.9m. It reported 588 employees.