Project 2414

Analysis

Project 2414 is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2414 reported income of $52k and spending of $73k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $52k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project 2414 sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Fathers Vision Mission ($52k), Oasis Evangelical Christian Fellowship - Oecf ($52k) and Embracing Life Ministries ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $5,240 against liabilities of $0, net assets of $5,240.