Project Now Inc

Analysis

Project Now Inc is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in October 1968, 58 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 Now Inc reported income of $18.7m and spending of $18.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $18.7m (+59%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Now Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Comprehensive Systems Inc ($18.7m), Lincoln Glen Manor & Intermediate Care ($18.7m) and The Montgomery County Coalition for the Homeless Inc ($18.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $225k (1.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.0m against liabilities of $2.4m, net assets of $1.6m. It reported 154 employees.