Project Hope of Gunnison Valley

Analysis

Project Hope of Gunnison Valley is a registered charity in United States, based in Gunnison, CO. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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 Hope of Gunnison Valley reported income of $735k and spending of $623k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $735k (+242%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Hope of Gunnison Valley sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Paralyzed Veterans of America ($735k), St Johns College Alumni Association ($735k) and Little League Baseball Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $230k. At year end it held assets of $589k against liabilities of $113k, net assets of $477k. It reported 10 employees.