Project Amistad

Analysis

Project Amistad is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Project Amistad reported income of $10.5m and spending of $9.1m, spending 86% of its income. Across the 4 years on record, from August 2020 to August 2023, income fell from $16.7m to $10.5m (-37%), an average of -14% a year. The sharpest change came in the year to August 2022, when income dropped by 45%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Amistad 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 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Community Health Provider Alliance ($10.5m), Ability Plus Inc ($10.5m) and Ocean Community YMCA ($10.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $153k (1.7% of expenses). Other salaries and wages came to $4.3m. It paid $26k in professional fundraising fees. At year end it held assets of $10.7m against liabilities of $3.8m, net assets of $6.9m. It reported 204 employees.