Project 150

Analysis

Project 150 is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 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 June 2024, Project 150 reported income of $2.6m and spending of $3.4m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.6m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 150 sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include Hope Center Inc ($2.6m), More in Common Inc ($2.6m) and Iowa Community Action Association ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $140k (4.1% of expenses). Other salaries and wages came to $288k. At year end it held assets of $4.7m against liabilities of $3,659, net assets of $4.7m. It reported 10 employees.