Project Apoyo Inc

Analysis

Project Apoyo Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Apoyo Inc reported income of $58k and spending of $63k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $58k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Apoyo Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include Ethiopian Full Gospel Believers Church Silver Spring Local ($58k), Wonderful Garden Buddhist Meditation Center Corporation ($58k) and Mission Churches International Incorporated ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $11k against liabilities of $4,891, net assets of $6,447.