Project Own Inc

Analysis

Project Own Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2019, 7 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 Own Inc reported income of $140k and spending of $176k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $245k to $140k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Own Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Veterans Drop-In Center ($140k), Country Place of Pierz ($140k) and Tacoma-Pierce County Affordable Housing Consortium ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 25% of the total. At year end it held assets of $112k against liabilities of $6,429, net assets of $105k.