Sequoia Project

Analysis

Sequoia Project is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Sequoia Project reported income of $4.6m and spending of $4.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.6m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sequoia Project sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include St Lukes Wood River Foundation Inc ($4.6m), Laguna Beach Community Clinic Inc ($4.6m) and American Headache Society ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.2m (26% of expenses). Other salaries and wages came to $390k. At year end it held assets of $3.4m against liabilities of $1.3m, net assets of $2.1m. It reported 30 employees.