Project Sweet Peas

Analysis

Project Sweet Peas is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in February 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 Sweet Peas reported income of $444k and spending of $376k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $444k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Sweet Peas sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include El Pueblo ($444k), Neighbors in Ministry ($444k) and Fostering Family Ministries Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $34k (9.0% of expenses). Other salaries and wages came to $24k. At year end it held assets of $485k against liabilities of $2,439, net assets of $483k. It reported 2 employees.