Project on Predatory Student Lending Inc

Analysis

Project on Predatory Student Lending Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 on Predatory Student Lending Inc reported income of $2.2m and spending of $1.9m, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.1m to $2.2m (+2.7%), an average of +2.7% a year. Over the whole period it spent 63% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Project on Predatory Student Lending Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Rockaway Development & Revitalization Corp ($2.2m), Morgan County Partnership Inc ($2.2m) and Marion County Childrens Advocacy Center Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.8m against liabilities of $160k, net assets of $1.6m. It reported 11 employees.