Project Vida

Analysis

Project Vida is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in July 1989, 37 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 August 2023, Project Vida reported income of $3.4m and spending of $3.2m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.5m to $3.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to August 2021, when income rose by 133%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Vida sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Advisors Charitable Gift Fund Inc ($3.4m), National Urban Fellows Inc ($3.4m) and Hopes Door Inc ($3.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 42% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $4.8m against liabilities of $2.5m, net assets of $2.4m. It reported 68 employees.