Project 40 31 Inc

Analysis

Project 40 31 Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in June 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 June 2023, Project 40 31 Inc reported income of $615k and spending of $589k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $370k to $615k (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 1436%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 40 31 Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NM. Charities of a similar size with the same main cause include Hood River Senior Citizens Inc ($615k), Blue Mountain Industries LLC ($615k) and Vista Endowment Fund Inc ($615k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.