Project Knitwell

Analysis

Project Knitwell is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Knitwell reported income of $106k and spending of $63k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $106k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Knitwell sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Affirmative Collective ($106k), Crisis Pregnancy Services of the Central Plains ($106k) and Institute for Emergency Medical Education ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. At year end it held assets of $167k against liabilities of $3,300, net assets of $164k.