Project Prakash Foundation

Analysis

Project Prakash Foundation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Prakash Foundation reported income of $98k and spending of $232k, spending 236% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $98k (-49%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Prakash Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Acorn Fund Inc ($98k), Drew Michael Taylor Foundation ($98k) and Star Supermarket & Discount Pharmacy Charity Golf Classic Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). At year end it held assets of $624k against liabilities of $68, net assets of $624k. It reported 2 employees.