Precious Project Inc

Analysis

Precious Project Inc is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Precious Project Inc reported income of $570k and spending of $1.0m, spending 180% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $570k (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Precious Project Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Infinite Strength Inc ($569k), Lords Gym at the LA Dream Center Inc ($570k) and Sima Environmental Fund ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $192k. At year end it held assets of $851k against liabilities of $14k, net assets of $837k. It reported 3 employees.