Project Sleep

Analysis

Project Sleep is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 Sleep reported income of $573k and spending of $761k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $573k (+242%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Sleep sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Jersey Shore Dream Center Inc ($572k), Pro Choice Virginia Foundation ($573k) and Lily Haven ($572k).

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 $99k (13% of expenses). Other salaries and wages came to $124k. At year end it held assets of $469k against liabilities of $0, net assets of $469k. It reported 4 employees.