Project 1649 Inc

Analysis

Project 1649 Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Project 1649 Inc reported income of $646k and spending of $614k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $646k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project 1649 Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Need in Deed ($646k), Public Glass ($646k) and Department of Sound ($645k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $364k. At year end it held assets of $393k against liabilities of $47k, net assets of $346k. It reported 24 employees.