Georgetown Project

Analysis

Georgetown Project is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Georgetown Project reported income of $717k and spending of $610k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $717k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Georgetown Project sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Borrego Valley Endowment Fund Inc ($717k), Student Health Options ($717k) and DCMS Foundation ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $173k. It paid $15k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $37k, net assets of $1.5m. It reported 9 employees.