34 Project Inc

Analysis

34 Project Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 34 Project Inc reported income of $342k and spending of $241k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $342k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 34 Project Inc sits at the 58th 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 65th percentile within OK. Charities of a similar size with the same main cause include Be a Shero Foundation ($342k), Prism of Georgia Inc ($342k) and Neighbor in Need ($342k).

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 $212k against liabilities of $0, net assets of $212k.