Project Yes Inc

Analysis

Project Yes Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1996, 30 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 Yes Inc reported income of $820k and spending of $560k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $820k (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Yes Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Wyspa Dzieci Learning Center ($820k), Mount Wachusett Community College Foundation Inc ($820k) and American Friends of Collegio Maimonides ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $92k (17% of expenses). Other salaries and wages came to $265k. At year end it held assets of $883k against liabilities of $55k, net assets of $828k. It reported 7 employees.