Project Kind a NJ Nonprofit Corporation

Analysis

Project Kind a NJ Nonprofit Corporation is a registered charity in United States, based in Rockaway, NJ. It received its IRS tax-exemption ruling in May 2018, 8 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 September 2023, Project Kind a NJ Nonprofit Corporation reported income of $63k and spending of $73k, spending 116% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $317k to $63k (-80%), an average of -42% a year. The sharpest change came in the year to September 2022, when income dropped by 73%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Kind a NJ Nonprofit Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Samaritas Foundation ($63k), St Stephen Outreach Community Development Corporation ($63k) and Art FM Inc ($63k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $10k (14% of expenses). At year end it held assets of $8,164 against liabilities of $17k, net assets of -$8,360. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.