Project 4031 Inc

Analysis

Project 4031 Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 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 4031 Inc reported income of $465k and spending of $383k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $465k (+91%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 4031 Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Lander Care and Share Food Bank ($465k), Concrete Rose Community Foundation ($465k) and Wasatch International Adoptions LLC ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $70k (18% of expenses). Other salaries and wages came to $103k. It paid $6,000 in professional fundraising fees. At year end it held assets of $864k against liabilities of $18k, net assets of $846k. It reported 4 employees.