Lot Project Inc

Analysis

Lot Project Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Lot Project Inc reported income of $263k and spending of $329k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $459k to $263k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lot Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Shri Pushti Parivar of USA Inc ($263k), Oasis Ministry ($263k) and Lone Pine Ministries ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). Other salaries and wages came to $85k. At year end it held assets of $773k against liabilities of $184k, net assets of $589k. It reported 6 employees.