Project Megsss Incorporated

Analysis

Project Megsss Incorporated is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Project Megsss Incorporated reported income of $51k and spending of $80k, spending 156% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $176k to $51k (-71%), an average of -26% a year. The sharpest change came in the year to May 2023, when income dropped by 79%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Megsss Incorporated sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within MO. Charities of a similar size with the same main cause include Rotary Foundation of the Torington Winsted Areas ($51k), Chris Boes Foundation ($51k) and Sun Coast Law Enforcement Charities Inc ($51k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $23k (29% of expenses). Other salaries and wages came to $10k. At year end it held assets of $68k against liabilities of $6,626, net assets of $61k. It reported 6 employees.