Project America Inc

Analysis

Project America Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 America Inc reported income of $212k and spending of $97k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $788k to $212k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project America Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 60th percentile within NV. Charities of a similar size with the same main cause include Chaparral Senior Housing Inc ($212k), Light the Way Inc ($212k) and Freedom Thru Faith Ministries Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.