Project Insulin

Analysis

Project Insulin is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Project Insulin reported income of $69k and spending of $64k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $69k (+579%), an average of +579% a year. The sharpest change came in the year to December 2023, when income rose by 579%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Insulin sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Pheasant Ring ($69k), Shelby County Council on Aging Inc ($69k) and Logan Strong Foundation Inc ($69k).

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 $9,878 against liabilities of $0, net assets of $9,878.