Project Cu Inc

Analysis

Project Cu Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 1960, 66 years ago. Its declared purposes cover employment, 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 June 2023, Project Cu Inc reported income of $1.8m and spending of $1.7m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.8m (+37%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Cu Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Chesapeake Developmental Unit Inc ($1.8m), Alliance for a Better Community ($1.8m) and West Community Economic Development Corporation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $96k (5.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.4m against liabilities of $1.1m, net assets of $1.3m. It reported 143 employees.