Project Dynamo Inc

Analysis

Project Dynamo Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Dynamo Inc reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.8m to $2.8m (+54%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Dynamo Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Mission Lazarus ($2.8m), American University in Bulgaria ($2.8m) and Christ for Humanity Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $2.1m against liabilities of $40k, net assets of $2.1m.