Project 52

Analysis

Project 52 is a registered charity in United States, based in Signal MTN, TN. It received its IRS tax-exemption ruling in February 2012, 14 years ago. 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 52 reported income of $55k and spending of $56k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $55k (-5.8%), an average of -5.8% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project 52 sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Little League Baseball Inc ($55k), Laaia Response & Recovery Inc ($55k) and Blackwell Council for Youth Inc Blackwell Youth Center ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.