10-40 Project

Analysis

10-40 Project is a registered charity in United States, based in Petal, MS. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 10-40 Project reported income of $186k and spending of $246k, spending 132% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $247k to $186k (-24%), an average of -13% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 10-40 Project sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within MS. Charities of a similar size with the same main cause include Houses of Hope International ($186k), Turmosayya Association in Chicago ($186k) and Lotus Institute Inc ($186k).

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 $674 against liabilities of $0, net assets of $674.