Project Redesign Inc

Analysis

Project Redesign Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 2011, 15 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 2023, Project Redesign Inc reported income of $158k and spending of $135k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $158k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Redesign Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include On Higher Ground ($158k), Fathers Heart Ministry Roc Inc ($158k) and 918 Fully Involved ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 26% of the total. At year end it held assets of $210k against liabilities of $42k, net assets of $169k.