Project Outreach Inc

Analysis

Project Outreach Inc is a registered charity in United States, based in Sergeant BLF, IA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Outreach Inc reported income of $401k and spending of $403k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $401k (+826%), an average of +826% a year. The sharpest change came in the year to December 2023, when income rose by 826%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Outreach Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Southern Federation Foundation Inc ($401k), Kol Yehuda Inc ($401k) and The Intellectually Developmentally Disabled Community Foundation Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $333k against liabilities of $301k, net assets of $32k.