Project Be Free a Nonprofit Corporation

Analysis

Project Be Free a Nonprofit Corporation is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in October 2022, 4 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 (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 Be Free a Nonprofit Corporation reported income of $371k and spending of $444k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $371k (+291%), an average of +291% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Be Free a Nonprofit Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include New Life Clinical Services of Virginia Corp ($371k), Health Tech for Medicaid ($371k) and C C H S Network Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $53k (12% of expenses). Other salaries and wages came to $152k. It paid $10k in professional fundraising fees. At year end it held assets of $17k against liabilities of $55k, net assets of -$38k. It reported 8 employees.