Preface Project Inc

Analysis

Preface Project Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Preface Project Inc reported income of $89k and spending of $61k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $193k to $89k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 35% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Preface Project Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Rocket Football and Cheer Inc ($89k), Child Evangelism Fellowship of New Mexico Inc ($90k) and Love Ministries ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.