Project Return Inc

Analysis

Project Return Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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 Inc reported income of $7.8m and spending of $7.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $7.8m (+129%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Return Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include St Peter Community Health Care Center ($7.8m), Wellspring Inc ($7.8m) and Newgrange School of Princeton Inc ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $111k (1.5% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $9.6m against liabilities of $3.1m, net assets of $6.5m. It reported 477 employees.