The Remedy Project Inc

Analysis

The Remedy Project Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in September 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 2022, The Remedy Project Inc reported income of $206k and spending of $224k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $209k to $206k (-1.7%), an average of -0.6% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Remedy Project Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Farm Villa Foundation Inc ($206k), We Love to Help Inc ($206k) and Latino Cancer Institute ($206k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $64k (29% of expenses). At year end it held assets of $146k against liabilities of $5,874, net assets of $141k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.