Project Wreckless

Analysis

Project Wreckless is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 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 (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 Wreckless reported income of $116k and spending of $454k, spending 392% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $602k to $116k (-81%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 715%. Over the whole period it spent 114% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Wreckless sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include South Dakota Youth Foundation Inc ($116k), Whittier Community Center ($116k) and Willard Youth Wrestling ($116k).

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 $118k. At year end it held assets of $16k against liabilities of $206k, net assets of -$190k. It reported 3 employees.