Haystack Project Inc

Analysis

Haystack Project Inc is a registered charity in United States, based in Severna Park, MD. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Haystack Project Inc reported income of $227k and spending of $435k, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $227k (+140%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 313%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Haystack Project Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Medical Fitness Education Foundation ($227k), Vermont Recovery Network Inc ($227k) and Stable Grounds Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (8.3% of expenses). At year end it held assets of $175k against liabilities of $0, net assets of $175k.