Apollos Project

Analysis

Apollos Project is a registered charity in United States, based in Exeter, RI. It received its IRS tax-exemption ruling in February 2009, 17 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, Apollos Project reported income of $213k and spending of $164k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $193k to $213k (+10%), an average of +4.9% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Apollos Project sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include Urban Resurrection Community ($213k), MTZ Charity Inc ($213k) and Jonesboro Child Care Center Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $44k (27% of expenses). At year end it held assets of $120k against liabilities of $13k, net assets of $107k. It reported 2 employees.