Project 15 Corp

Analysis

Project 15 Corp is a registered charity in United States, based in El Paso, IL. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Project 15 Corp reported income of $84k and spending of $40k, leaving 52% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income fell from $92k to $84k (-8.5%), an average of -8.5% a year. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project 15 Corp sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Articine Inc ($84k), The Syracuse Sounds of Music Association Inc ($84k) and Open Biopharma Training Institute Inc ($84k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.