Balance Project Inc

Analysis

Balance Project Inc is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Balance Project Inc reported income of $59k and spending of $105k, spending 178% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $59k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Balance Project Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Memory Keepers Foundation ($59k), Hats for Hope ($59k) and Eating Recovery Center Foundation ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,656 against liabilities of $4,723, net assets of -$3,067.