Project Support Inc

Analysis

Project Support Inc is a registered charity in United States, based in Vinton, VA. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Project Support Inc reported income of $66k and spending of $75k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $66k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Support 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 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Jefferson PTA of Everett ($66k), Ozark Highlands Trail Association of Washington County Arkansas ($66k) and Almaden Valley Rotary Club Endowment ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.9% of the total. At year end it held assets of $67k against liabilities of $66k, net assets of $167.