Projectartbox Inc

Analysis

Projectartbox Inc is a registered charity in United States, based in Boca Raton, FL. 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 December 2023, Projectartbox Inc reported income of $103k and spending of $35k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $103k (+8.8%), an average of +8.8% a year. Over the whole period it spent 23% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Projectartbox Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Hospice of Tift Area Inc ($103k), Centro Cultural Latinos Unidos Inc ($103k) and Hope PKGS Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.