Project TF

Analysis

Project TF is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 TF reported income of $1.1m and spending of $4.0m, spending 353% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.1m (-64%), an average of -22% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project TF sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Greater Tampa Chamber of Commerce Foundation Inc ($1.1m), Mother Teresa Academy ($1.1m) and Friends of Falun Gong ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $309k (7.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.0m against liabilities of $123k, net assets of $5.8m. It reported 17 employees.