Ultimate Project Inc

Analysis

Ultimate Project Inc is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in February 2023, 3 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, Ultimate Project Inc reported income of $70k and spending of $71k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $22k to $70k (+227%), an average of +81% a year. The sharpest change came in the year to December 2022, when income rose by 436%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ultimate Project Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within OK. Charities of a similar size with the same main cause include Finland Children in Nature Group ($70k), Warren Senior Center ($70k) and Pennsylvania Council of the Blind ($70k).

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.