Project Cuddle Inc

Analysis

Project Cuddle Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 Cuddle Inc reported income of $90k and spending of $79k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $172k to $90k (-48%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Cuddle Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($90k), Cherry Creek School Distric Parent Teacher Community Council Inc ($90k) and Barberton Band Boosters Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $23k against liabilities of $1,504, net assets of $22k.