Project 2024 Inc

Analysis

Project 2024 Inc is a registered charity in United States, based in Lodi, NJ. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project 2024 Inc reported income of $94k and spending of $48k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $110k to $94k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2023, when income rose by 1257%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Project 2024 Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Harris County Senior Softball League Inc ($94k), Fairland Athletic Boosters Inc ($94k) and North Area Athletic Club Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.