Project Return Florida Inc

Analysis

Project Return Florida Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Project Return Florida Inc reported income of $307k and spending of $479k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $624k to $307k (-51%), an average of -16% a year. The sharpest change came in the year to June 2020, when income rose by 179%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Return Florida Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Cement Masons Joint Apprenticeship Committee Local Number 404 ($307k), East End Seaport Museum and Marine ($307k) and Community Institute for Career Advancement Inc ($307k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 5.7% of the total. Other salaries and wages came to $223k. At year end it held assets of $1.5m against liabilities of $21k, net assets of $1.5m. It reported 8 employees.

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.