Project Pneuma Inc

Analysis

Project Pneuma Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Pneuma Inc reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $969k to $1.3m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Pneuma Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Team Walker Inc ($1.3m), Five Star Life ($1.3m) and Cake4kids ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $214k (17% of expenses). Other salaries and wages came to $433k. At year end it held assets of $215k against liabilities of $52k, net assets of $163k. It reported 20 employees.