Inneract Project Inc

Analysis

Inneract Project Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Inneract Project Inc reported income of $616k and spending of $774k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $616k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Inneract Project Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Club of Denison Inc ($616k), The Wisconsin Ffa Foundation Inc ($616k) and Southern Arizona Community Sports Inc ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $20k (2.6% of expenses). Other salaries and wages came to $287k. At year end it held assets of $836k against liabilities of $28k, net assets of $808k. It reported 4 employees.