Project Pericles Inc

Analysis

Project Pericles Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Pericles Inc reported income of $775k and spending of $724k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $863k to $775k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Pericles Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Independent Fire Company No 1 Inc ($775k), United Way of Rockingham County Inc ($776k) and Retired & Senior Volunteer Program of Ingham Eaton & Clinton Co ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Compensation of current officers, directors and key employees was $221k (31% of expenses). Other salaries and wages came to $198k. It paid $4,800 in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $35k, net assets of $4.6m. It reported 4 employees.