Project Discovery

Analysis

Project Discovery is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in May 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Discovery reported income of $309k and spending of $345k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $144k to $309k (+114%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Discovery sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within NV. Charities of a similar size with the same main cause include North Shore Health Care Foundation ($309k), Camelot Therapeutic Horsemanship Inc ($309k) and Heartstrings Counseling Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $141k. At year end it held assets of $51k against liabilities of $26k, net assets of $25k. It reported 17 employees.