Project 2 Restore Inc

Analysis

Project 2 Restore Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in May 2021, 5 years ago. 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 2 Restore Inc reported income of $402k and spending of $313k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $966k to $402k (-58%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project 2 Restore Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within KS. Charities of a similar size with the same main cause include Crossroads Resource Center ($402k), The Childrens House ($402k) and Habitat for Humanity International Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (41% of expenses). Other salaries and wages came to $75k. At year end it held assets of $967k against liabilities of $4,337, net assets of $963k. It reported 17 employees.