124 Project Inc

Analysis

124 Project Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, 124 Project Inc reported income of $104k and spending of $104k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $231k to $104k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, 124 Project Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Christian Anti-Communism Crusade ($104k), Propel Initiative Inc ($104k) and Wambale Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.