Project Increase

Analysis

Project Increase is a registered charity in United States, based in Eden Prairie, MN. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 December 2023, Project Increase reported income of $65k and spending of $63k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $65k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Increase sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Hope4veterans Inc ($65k), Momentum Dance Company ($65k) and PTA Hawaii Congress ($65k).

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 $102k against liabilities of $0, net assets of $102k.