Issue Project Room Incorporated

Analysis

Issue Project Room Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2008, 18 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 December 2023, Issue Project Room Incorporated reported income of $659k and spending of $669k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $848k to $659k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Issue Project Room Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Historical Society of Frederick County Inc ($659k), Eastern North American Region of the Biometric Society P O Box 269 ($659k) and Brookfield Craft Center Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $129k (19% of expenses). Other salaries and wages came to $261k. At year end it held assets of $3.8m against liabilities of $69k, net assets of $3.7m. It reported 14 employees.