Josephine Herrick Project

Analysis

Josephine Herrick Project is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1948, 78 years ago. 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, Josephine Herrick Project reported income of $471k and spending of $418k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $269k to $471k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Josephine Herrick Project sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Institute for a Secure America Inc ($471k), New Hampshire Public Health Association ($471k) and Southeastern Regional Credit Union Schools Inc ($471k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $148k. At year end it held assets of $466k against liabilities of $61k, net assets of $405k. It reported 8 employees.