Project Support

Analysis

Project Support is a registered charity in United States, based in Idaho Springs, CO. It received its IRS tax-exemption ruling in March 2015, 11 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 (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, Project Support reported income of $265k and spending of $156k, leaving 41% of income unspent that year. Across the 6 years on record, from December 2016 to December 2023, income fell from $278k to $265k (-4.6%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Support sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Illinois Affordable Housing NFP ($265k), Elli S House ($265k) and Malm Manor Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $46k. At year end it held assets of $824k against liabilities of $9,795, net assets of $814k. It reported 6 employees.