PX Project Inc

Analysis

PX Project Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, PX Project Inc reported income of $291k and spending of $449k, spending 154% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $366k to $291k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, PX Project Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Montgomery Area Community Club Inc ($291k), Morongo Basin Arch ($291k) and Texas Municipal Police Association Charities Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $229k. At year end it held assets of $93k against liabilities of $76k, net assets of $17k.