Project Lyme

Analysis

Project Lyme is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Project Lyme reported income of $982k and spending of $781k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $982k (+216%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 397%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Lyme sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Oasis Health Network Inc ($982k), Sutter Auburn Faith Hospital Foundation ($983k) and Community Health Services of Union County ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% of the total. Compensation of current officers, directors and key employees was $120k (15% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.