Project Creating Space Inc

Analysis

Project Creating Space Inc is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Creating Space Inc reported income of $2.2m and spending of $693k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $899k to $2.2m (+145%), an average of +145% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 51% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Creating Space Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Sunny Wolf Charter School ($2.2m), Mid Mississippi Regional Library ($2.2m) and Growing Together Preschool Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.