Project Kompass Incorporated

Analysis

Project Kompass Incorporated is a registered charity in United States, based in N Chelmsford, MA. It received its IRS tax-exemption ruling in October 2020, 6 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 June 2024, Project Kompass Incorporated reported income of $477k and spending of $455k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $784k to $477k (-39%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Kompass Incorporated sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Center Housing Inc ($477k), Safe Housing and Economic Development Inc ($477k) and Fair Housing Council of Central California ($476k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $110k (24% of expenses). Other salaries and wages came to $125k. At year end it held assets of $716k against liabilities of $13k, net assets of $703k. It reported 3 employees.