Project for Public Spaces Inc

Analysis

Project for Public Spaces Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Project for Public Spaces Inc reported income of $1.7m and spending of $2.0m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $1.7m (-61%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 106% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Project for Public Spaces Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Iowa Environmental Council ($1.7m), Glacial Hills Resource Conservation & Development Region Inc ($1.7m) and Renew Wisconsin Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $281k (14% of expenses). Other salaries and wages came to $660k. It paid $41k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $330k, net assets of $1.1m. It reported 11 employees.