Project Lifesaver Inc

Analysis

Project Lifesaver Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Project Lifesaver Inc reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.4m to $1.5m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to October 2020, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Lifesaver Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Partners in Senior Care ($1.5m), Maries House of Hope Inc ($1.5m) and Real Estate Education and Community Housing Inc ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.8% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $154k (9.6% of expenses). Other salaries and wages came to $449k. At year end it held assets of $1.6m against liabilities of $919k, net assets of $724k. It reported 15 employees.