Project 8p Foundation

Analysis

Project 8p Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 8p Foundation reported income of $2.0m and spending of $913k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $2.0m (+805%), an average of +74% a year. The sharpest change came in the year to December 2020, when income rose by 301%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project 8p Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Delta Dental of Virginia Foundation Inc ($2.0m), Endo-Urology Society Division of Urology ($2.0m) and Phare Bio Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $21k. At year end it held assets of $2.5m against liabilities of $189k, net assets of $2.3m. It reported 1 employees.