Project Pride SRQ Inc

Analysis

Project Pride SRQ Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 Pride SRQ Inc reported income of $261k and spending of $242k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $156k to $261k (+67%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 75% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Project Pride SRQ Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Rise Foundation ($261k), Right Road Ministries ($261k) and Center for Creative Justice ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.