Project Health Inc

Analysis

Project Health Inc is a registered charity in United States, based in Sumterville, FL. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Project Health Inc reported income of $26.2m and spending of $26.0m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $17.8m to $26.2m (+47%), an average of +10% a year. The sharpest change came in the year to March 2021, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Health Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Santa Barbara Neighborhood Clinics ($26.2m), Planned Parenthood California Central Coast ($26.2m) and National Network of Public Health Institutes ($26.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1.3m (5.1% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $22.1m against liabilities of $8.7m, net assets of $13.4m. It reported 253 employees.