Project Onward

Analysis

Project Onward is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Project Onward reported income of $876k and spending of $729k, spending 83% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $391k to $876k (+124%), an average of +22% a year. The sharpest change came in the year to May 2020, when income rose by 46%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Onward sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Don Ryan Center for Innovation Inc ($876k), Institute of Real Estate Management Foundation ($877k) and Detroit Future City ($876k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $61k (8.3% of expenses). Other salaries and wages came to $251k. At year end it held assets of $814k against liabilities of $342k, net assets of $472k. It reported 13 employees.