Project Azul Inc

Analysis

Project Azul Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Azul Inc reported income of $96k and spending of $155k, spending 162% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $297k to $96k (-68%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Azul Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within IN. Charities of a similar size with the same main cause include Future Brilliance US Inc ($96k), Lions District 12-N Charities Inc ($96k) and Oklahoma Blood Institute Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3 against liabilities of $1,761, net assets of -$1,758.