Project DS Inc

Analysis

Project DS Inc is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover medical research, 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, Project DS Inc reported income of $5.0m and spending of $2.3m, leaving 54% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $6.3m to $5.0m (-21%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 43% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project DS Inc 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 93rd percentile within NC. Charities of a similar size with the same main cause include New View Alliance Inc ($5.0m), Project H O P E Inc ($5.0m) and Aldie Foundation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $431k (19% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.1m against liabilities of $2.7m, net assets of $4.4m. It reported 11 employees.