American Rescue Project

Analysis

American Rescue Project is a registered charity in United States, based in Fairfax Sta, VA. It received its IRS tax-exemption ruling in June 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, American Rescue Project reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $2.2m (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Rescue Project sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Hdi Inc ($2.1m), Life Impact International Inc ($2.2m) and Genesis Community Health Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $240k (11% of expenses). At year end it held assets of $508k against liabilities of $242k, net assets of $266k.