LV Project

Analysis

LV Project is a registered charity in United States, based in N Richlnd HLS, TX. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, LV Project reported income of $57k and spending of $48k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $57k (+139%), an average of +139% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 112% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, LV Project sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Lafayette Township Fire Department First Responder Squad ($56k), West Stanly Fire Department Inc ($57k) and Mottville Fire Company ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $70k against liabilities of $1,000, net assets of $69k.