Project Belong Va

Analysis

Project Belong Va is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Belong Va reported income of $350k and spending of $459k, spending 131% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $344k to $350k (+1.7%), an average of +1.7% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Belong Va sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Palm Beach Harvest Inc ($350k), Latino Resources Inc ($350k) and Centro de Servicios Comunitarios Vida Plena ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $95k (21% of expenses). Other salaries and wages came to $227k. At year end it held assets of $138k against liabilities of $5,725, net assets of $132k. It reported 9 employees.