Project Not Forgotten Inc

Analysis

Project Not Forgotten Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2023, Project Not Forgotten Inc reported income of $67k and spending of $29k, leaving 56% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $15k to $67k (+335%), an average of +334% a year. The sharpest change came in the year to June 2023, when income rose by 335%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Not Forgotten 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 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Sacramento Area Tennis Association ($67k), PTA California Congress of Parents Teachers & Students Inc ($67k) and PTA North Carolina Congress ($67k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.