Project Reality

Analysis

Project Reality is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in October 1973, 53 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Reality reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $3.4m to $4.1m (+20%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Reality sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within UT. Charities of a similar size with the same main cause include Open Door Living Association Inc ($4.1m), Smile 180 Foundation ($4.1m) and Fishing Partnership Health Plan Corporation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $554k (13% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.9m against liabilities of $378k, net assets of $6.5m. It reported 63 employees.