Project Boon Inc

Analysis

Project Boon Inc is a registered charity in United States, based in RCH Cucamonga, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Boon Inc reported income of $70k and spending of $57k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $70k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Boon Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Community Zone ($70k), True North 406 Ministries Inc ($70k) and Senior Citizens of Camp Verde Inc ($70k).

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 $44k against liabilities of $0, net assets of $44k.