Pimentel Project Inc

Analysis

Pimentel Project Inc is a registered charity in United States, based in Gibsonville, NC. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Pimentel Project Inc reported income of $203k and spending of $188k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $203k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Pimentel Project Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Don Berto Y Ed-Angeli Memorial Solidarity Grouop ($203k), Ramp Global Missions ($203k) and Intelligence and National Security Foundation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (8.5% of expenses). At year end it held assets of $33k against liabilities of $533, net assets of $32k. It reported 1 employees.