The Dragonfly Project

Analysis

The Dragonfly Project is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Dragonfly Project reported income of $72k and spending of $79k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $72k (-5.1%), an average of -5.1% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Dragonfly Project 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 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Oasis Life Network ($72k), Sproutin Up Corporation ($72k) and Community Care Resource Council ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $295k against liabilities of $4,021, net assets of $291k.