Project Belong Foundation

Analysis

Project Belong Foundation is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Belong Foundation reported income of $65k and spending of $167k, spending 259% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.4m to $65k (-98%), an average of -86% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 8.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Belong Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Daniel J Parzych Memorial Fund ($65k), Kelly Faughnan Foundation ($65k) and Rock Valley Christian School FNDTN ($64k).

At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.