Project Tibet Inc

Analysis

Project Tibet Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Tibet Inc reported income of $60k and spending of $65k, spending 108% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $75k to $60k (-21%), an average of -11% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Tibet Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within NM. Charities of a similar size with the same main cause include Mindful Valley ($60k), Ronnie Pierce Ministries Inc ($60k) and Water & Medical Project Int L Corp ($60k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.0% of the total. Compensation of current officers, directors and key employees was $17k (27% of expenses). Other salaries and wages came to $3,864. At year end it held assets of $170k against liabilities of $122, net assets of $170k.