Project Impact Inc

Analysis

Project Impact Inc is a registered charity in United States, based in Lynwood, CA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Project Impact Inc reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $979k to $1.6m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Impact Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Young Womens Christian Association of Ulster County ($1.6m), Family Connection-Communities in Schools of Athens Inc ($1.6m) and Bay Area Furniture Bank ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $733k. At year end it held assets of $719k against liabilities of $699k, net assets of $20k.