Project Home Inc

Analysis

Project Home Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Home Inc reported income of $4.7m and spending of $5.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.7m (+15%), an average of +3.6% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Home Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Helpful Housing ($4.7m), Harbor House Ministries ($4.7m) and Seward Housing Corporation ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $215k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.0m against liabilities of $2.6m, net assets of $2.5m. It reported 32 employees.