Project Worthmore

Analysis

Project Worthmore is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Worthmore reported income of $4.1m and spending of $3.8m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.3m to $4.1m (+79%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Worthmore sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Geriatric Services Inc ($4.1m), The Willows Foundation Inc ($4.1m) and Agape Schools ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $126k (3.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.7m against liabilities of $2.2m, net assets of $3.5m. It reported 45 employees.