Project Able

Analysis

Project Able is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in September 2004, 22 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 June 2023, Project Able reported income of $891k and spending of $1.0m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $891k (-24%), an average of -8.6% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Able sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include Northeast Indiana Christian Action Council Education and C H a ($891k), Grace Retreat Foster Care and Adoption Services ($891k) and Stop Foodborne Illness Inc ($891k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $79k (7.6% of expenses). Other salaries and wages came to $422k. At year end it held assets of $490k against liabilities of $2,020, net assets of $488k. It reported 30 employees.