Project Reap

Analysis

Project Reap is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Reap reported income of $429k and spending of $437k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $429k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Reap sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Arklink Library Consortium ($429k), Friends of Bell School ($429k) and Wisconsin Automobile & Truck Education Association Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $159k (36% of expenses). Other salaries and wages came to $68k. At year end it held assets of $735k against liabilities of $3,740, net assets of $731k. It reported 3 employees.