Project 828 Foundation

Analysis

Project 828 Foundation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, 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 828 Foundation reported income of $123k and spending of $157k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53k to $123k (+131%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 828 Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Grossman Burn Foundation ($123k), Families First Inc ($123k) and Jesus Cats ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $133k against liabilities of $87k, net assets of $46k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.