Project Okurase

Analysis

Project Okurase is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in March 2014, 12 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, Project Okurase reported income of $163k and spending of $185k, spending 114% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $266k to $163k (-39%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Okurase sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Shenango Valley Meals on Wheels ($163k), Artists for Soup Inc ($163k) and Americas Watershed Initiative ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.