Project Restart Inc

Analysis

Project Restart Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Project Restart Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $276k to $1.3m (+368%), an average of +116% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Restart Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Alabama Baptist Retirement Centers Inc ($1.3m), St James Retirement Community Inc ($1.3m) and Casa Valentina Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $89k (8.0% of expenses). Other salaries and wages came to $395k. At year end it held assets of $494k against liabilities of $19k, net assets of $475k. It reported 16 employees.