Project 70805 Inc

Analysis

Project 70805 Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in October 2019, 7 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 December 2023, Project 70805 Inc reported income of $77k and spending of $87k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $835k to $77k (-91%), an average of -70% a year. The sharpest change came in the year to December 2022, when income dropped by 92%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 70805 Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within LA. Charities of a similar size with the same main cause include Harnett Food Pantry ($77k), Path Nirvana Foundation ($77k) and Sunfield Area Sponsors of Programs for Youth ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.