Project Vida Inc

Analysis

Project Vida Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2023, 3 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 Vida Inc reported income of $12.9m and spending of $13.0m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $8.1m to $12.9m (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Vida Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Masonic Home of Missouri ($12.9m), Hospice of the Sacred Heart ($12.9m) and Chinese Christian Herald Crusades Inc ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.7m. It reported 56 employees.