Project 180 Sarasota

Analysis

Project 180 Sarasota is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 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, Project 180 Sarasota reported income of $856k and spending of $448k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $856k (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 180 Sarasota sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Beyond the Sanctuary ($855k), Good Samaritan Inn ($856k) and Marriage Enrichment Ministries of Tampa Inc ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $79k (18% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.5m against liabilities of $286k, net assets of $1.2m. It reported 6 employees.