Project Guardianship Inc

Analysis

Project Guardianship Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 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 December 2023, Project Guardianship Inc reported income of $3.8m and spending of $3.9m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $459k to $3.8m (+738%), an average of +103% a year. The sharpest change came in the year to December 2021, when income rose by 519%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Guardianship Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Nebraska Lutheran Outdoor Ministries Inc ($3.8m), Innisfree Inc ($3.8m) and University of Minnesota Alumni Association ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $348k (8.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $10.8m against liabilities of $9.1m, net assets of $1.8m. It reported 43 employees.