Project Trust Inc

Analysis

Project Trust Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Trust Inc reported income of $200k and spending of $198k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $200k (+8.1%), an average of +8.1% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Trust 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 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Christian Formation and Direction Ministries ($200k), Al Hikmah Institute Inc ($200k) and Iglesia Pentecostal Casa de Oracion ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $9,611 against liabilities of $0, net assets of $9,611.