Project New Village

Analysis

Project New Village is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Project New Village reported income of $1.7m and spending of $539k, leaving 68% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $344k to $1.7m (+388%), an average of +70% a year. The sharpest change came in the year to September 2023, when income rose by 150%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project New Village sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Florence Crittenton Programs of South Carolina Inc ($1.7m), Bennington Project Independence Inc ($1.7m) and Refugee Hope Partners Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $75k (14% of expenses). Other salaries and wages came to $84k. It paid $67k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $30k, net assets of $2.0m. It reported 3 employees.