Project Able Inc is a private foundation focused on Education, based in NEW YORK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $31K in total assets. In 2024, it awarded 1 grants totaling $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31K
-29.1% YoY
Annual Giving
$48K
+79.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$48K
+79.7% YoY
Under IRS private-foundation payout rules, Project Able Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Project Able Inc
Based on IRS filings
Project Able Inc is a private foundation focused on Education, based in NEW YORK, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $31K in total assets. In 2024, it awarded 1 grants totaling $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $31,489 | $44,435 | $28,128 |
| Revenue | $35,289 | $52,290 | $22,400 |
| Expenses | $48,235 | $36,103 | $56,495 |
| Qualifying Distributions | $47,900 | $26,650 | $55,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,864 | $2,105 | $1,700 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jifundishe ($47,900).
| Recipient | Purpose | Amount |
|---|---|---|
| JIFUNDISHE NY, NY | PROMOTE LITERACY & EDUCATION | $47,900 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL HANIN | DIRECTOR | — | — |
| LAUREN HANIN | DIRECTOR | — | — |
| ANN HANIN | TREASURER | — | — |
| ALI SAMADI | DIRECTOR | — | — |
| CRISTINA PATEL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Project Able Inc?
Project Able Inc is a private foundation focused on Education, based in NEW YORK, NY. It holds $31K in total assets as of 2024.
How large is Project Able Inc?
As of 2024, Project Able Inc holds $31K in total assets with $35K in annual revenue. It awarded 1 grants totaling $48K in 2024.
Where does Project Able Inc operate?
Project Able Inc has awarded grants in Massachusetts, New York.
What size grants does Project Able Inc award?
In 2024, Project Able Inc awarded 1 grants totaling $48K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Project Able Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Project Able Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Project Able Inc's EIN?
Project Able Inc's EIN (Employer Identification Number) is 26-2722924. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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