Project Iam Foundation Inc

Analysis

Project Iam Foundation Inc is a registered charity in United States, based in Toledo, OH. 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, Project Iam Foundation Inc reported income of $258k and spending of $337k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $258k (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Iam Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Homer Community Food Pantry ($258k), Saint Patrick Soup Kitchen ($258k) and McMinnville-Warren County Senior Center ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $253k against liabilities of $116k, net assets of $137k.