Project Lets Inc

Analysis

Project Lets Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Lets Inc reported income of $102k and spending of $192k, spending 189% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $309k to $102k (-67%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 76% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Project Lets Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within RI. Charities of a similar size with the same main cause include All Dogs Official Rescue Enterprise ($102k), Ozark-Dale County Humane Society ($102k) and Providing for Paws ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.