Project Fine Inc

Analysis

Project Fine Inc is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Fine Inc reported income of $716k and spending of $658k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $622k to $716k (+15%), an average of +3.6% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Fine Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Sova Innovation Hub Corporation ($716k), Philadelphia Student Union ($716k) and Marion County Industrial Foundation Inc ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $145k (22% of expenses). Other salaries and wages came to $354k. At year end it held assets of $1.8m against liabilities of $34k, net assets of $1.8m. It reported 8 employees.