111project Inc

Analysis

111project Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, 111project Inc reported income of $1.0m and spending of $1.1m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $374k to $1.0m (+180%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 111project Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Right Moves for Youth Inc ($1.0m), Positive Spin Inc ($1.0m) and St Clair County D a Y Program Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $39k (3.7% of expenses). Other salaries and wages came to $766k. At year end it held assets of $322k against liabilities of $0, net assets of $322k. It reported 20 employees.