Project 2911 a Community Development Corporation

Analysis

Project 2911 a Community Development Corporation is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in April 2013, 13 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 2911 a Community Development Corporation reported income of $102k and spending of $86k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $94k to $102k (+8.3%), an average of +8.3% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 2911 a Community Development Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Tallapoosa Christian Crisis Center ($102k), Mother-Wise ($102k) and Charity Bicycles Inc ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.