25 Carrick Ave Project

Analysis

25 Carrick Ave Project is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 June 2024, 25 Carrick Ave Project reported income of $385k and spending of $587k, spending 153% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $381k to $385k (+1.1%), an average of +0.6% a year. The sharpest change came in the year to June 2023, when income rose by 177%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 25 Carrick Ave Project sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Mercy Professional Services Inc ($385k), Buy a Pumpkin Feed a Child Inc ($385k) and W N C Housing Inc ($385k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $69k (12% of expenses). Other salaries and wages came to $309k. At year end it held assets of $690k against liabilities of $165k, net assets of $525k. It reported 21 employees.