Project Life Inc

Analysis

Project Life Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2011, 15 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 June 2023, Project Life Inc reported income of $216k and spending of $310k, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $758k to $216k (-71%), an average of -27% a year. The sharpest change came in the year to June 2020, when income dropped by 79%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Life Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Pregnancy Care Clinic ($216k), Sisters Project ($216k) and Community Health Coalition ($216k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $87k (28% of expenses). Other salaries and wages came to $135k. At year end it held assets of $186k against liabilities of $0, net assets of $186k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.