One Thousand Suns Project Inc

Analysis

One Thousand Suns Project Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, One Thousand Suns Project Inc reported income of $196k and spending of $160k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $413k to $196k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, One Thousand Suns Project Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include On-The-Rise ($196k), Hartland Community 4 Youth & Families ($196k) and Four Corners Group Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $135k against liabilities of $1,632, net assets of $133k.