Project Connect Inc

Analysis

Project Connect Inc is a registered charity in United States, based in Madison, TN. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Connect Inc reported income of $700k and spending of $790k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $700k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 212%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Connect Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Village Empowerment Inc ($700k), American Friends of Yeshivas Hagramad Inc ($700k) and Conviventia ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $116k (15% of expenses). Other salaries and wages came to $245k. At year end it held assets of $923k against liabilities of $535k, net assets of $388k. It reported 8 employees.