The Independent Feature Project Inc

Analysis

The Independent Feature Project Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 February 2023, The Independent Feature Project Inc reported income of $6.3m and spending of $6.4m, spending 102% of its income. Across the 5 years on record, from February 2019 to February 2023, income fell from $6.6m to $6.3m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to February 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Independent Feature Project Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Planetary Society ($6.3m), New Civil Liberties Alliance ($6.3m) and From the Heart Productions Inc ($6.3m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $554k (8.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.9m against liabilities of $197k, net assets of $1.8m. It reported 35 employees.