Project 613 NFP

Analysis

Project 613 NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project 613 NFP reported income of $537k and spending of $726k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $537k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project 613 NFP sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Stepping Stones Montessori School in East Lansing ($537k), Laborers Local No 91 Educational and Training Fund ($537k) and Umkc Trustees ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $210k (29% of expenses). Other salaries and wages came to $90k. At year end it held assets of $112k against liabilities of $0, net assets of $112k. It reported 4 employees.