Project Home Foundation

Analysis

Project Home Foundation is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Project Home Foundation reported income of $55k and spending of $69k, spending 124% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $309k to $55k (-82%), an average of -44% a year. The sharpest change came in the year to September 2020, when income dropped by 79%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Home Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 28th percentile within SC. Charities of a similar size with the same main cause include Knoch Knights Legacies Foundation ($55k), Alex Tuch Foundation ($56k) and Just for Kids Foundation ($55k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $348k against liabilities of $0, net assets of $348k.