Project Independence
Profile Not Current (Last updated:
May 02, 2025
)
Current Fiscal Year
Fiscal Year Start Date: July 1, 2024
Fiscal Year End Date: June 30, 2025
Projected Revenue: $5,500,000
Projected Expense: $5,000,000
Revenue vs. Expense ($)
Expense Breakdown: 2025 (%)
| Administration Expense | 10.4% |
| Program Expense | 76.1% |
| Fundraising Expense | 1.3% |
Expense Breakdown: 2024 (%)
| Administration Expense | 0.0% |
| Program Expense | 0.0% |
| Fundraising Expense | 0.0% |
Expense Breakdown: 2023 (%)
| Administration Expense | 17.6% |
| Program Expense | 80.9% |
| Fundraising Expense | 1.4% |
990 Tax Form Newest 990 Year opens each June
Tax Year 2024 Form 990 (Fiscal Year ending in 2024)
Tax Year 2023 Form 990 (Fiscal Year ending in 2023)
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Tax Year 2022 Form 990 (Fiscal Year ending in 2022)
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Tax Year 2021 Form 990 (Fiscal Year ending in 2021)
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Prior Three Years Total Revenue and Expense Totals
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Revenue | $3,949,251 | $3,222,610 | $3,731,075 |
| Total Expenses | $3,058,804 | $3,343,503 | $3,804,785 |
Prior Three Years Revenue Sources
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Foundation and Corporation Contributions | - | - | $30,084 |
| Government Contributions | - | - | - |
| Federal | - | - | - |
| State | - | - | - |
| Local | - | - | - |
| Unspecified | - | - | - |
| Individual Contributions | - | - | - |
| Indirect Public Support | - | - | - |
| Earned Revenue | $2,831,237 | $3,137,722 | $3,684,117 |
| Investment Income, Net of Losses | $991,772 | - | $2,461 |
| Membership Dues | - | - | - |
| Special Events | - | - | $14,413 |
| Revenue In-Kind | - | - | - |
| Other Revenue | $94,993 | - | $3,091 |
Prior Three Years Expense Allocations by Type
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Program Expense | $2,327,391 | - | $3,079,213 |
| Administration Expense | $317,601 | - | $670,645 |
| Fundraising Expense | $40,821 | - | $54,927 |
| Payments to Affiliates | - | - | - |
| Total Revenue/Total Expenses | 1.29 | 0.96 | 0.98 |
| Program Expense/Total Expenses | 76% | - | 81% |
| Fundraising Expense/Total Revenue | 1% | - | 1% |
Prior Three Years Assets and Liabilities
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,563,752 | $5,041,602 | $5,311,670 |
| Current Assets | $2,417,787 | - | $2,750,366 |
| Long-Term Liabilities | - | - | $450,418 |
| Current Liabilities | $297,000 | - | $364,054 |
| Total Net Assets | $5,266,752 | $4,376,305 | $4,497,198 |
Short Term Solvency
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Current Assets/Current Liabilities | 8.14 | - | 7.55 |
Long Term Solvency
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Long Term Liabilities/Total Assets | - | - | 8% |
Endowment/Capital Campaigns
Endowment Value: $140,000
Spending Policy: N/A
Percentage: -
Are you currently in a Capital Campaign? No
CONTACT
Project Independence
3505 Cadillac
#O-103
Costa Mesa, CA 92626
Robert Watson+
Phone: 714-549-3464#273