Project Lemonade Inc

Analysis

Project Lemonade Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 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 2023, Project Lemonade Inc reported income of $876k and spending of $828k, spending 95% of its income. Across the 5 years on record, from October 2019 to June 2023, income grew from $645k to $876k (+36%), an average of +7.9% a year. The sharpest change came in the year to October 2022, when income rose by 45%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Lemonade Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include Family Service Agency of Bay County Inc ($875k), Helping Heroes Inc ($876k) and Stone Soup PDX ($875k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $67k (8.1% of expenses). Other salaries and wages came to $184k. At year end it held assets of $1.4m against liabilities of $38k, net assets of $1.4m. It reported 13 employees.