Project Undercover Inc

Analysis

Project Undercover Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in November 2009, 17 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 Undercover Inc reported income of $249k and spending of $155k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $311k to $249k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 105%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Undercover Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Florida Association of Realtors Education Foundation ($249k), Five Loaves & Two Fish Food Pantry Inc ($249k) and Times-Picayune Doll and Toy Fund and Christmas Gift Fund ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $50k (32% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.