International 500 Project Inc

Analysis

International 500 Project Inc is a registered charity in United States, based in Sault S Marie, MI. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, International 500 Project Inc reported income of $472k and spending of $437k, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $289k to $472k (+64%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 1482%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International 500 Project Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include KC Swim Academy and Infant Aquatics Inc ($472k), Olentangy Swim Association Inc ($472k) and Lake Stevens Junior Athletic Association ($472k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 91% of the total. At year end it held assets of $428k against liabilities of $59k, net assets of $369k.