The Borgen Project

Analysis

The Borgen Project is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Borgen Project reported income of $574k and spending of $667k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $574k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 176%. Over the whole period it spent 81% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Borgen Project sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Loloma Foundation ($574k), Common Threads Project ($574k) and Hope for Kajiado Corporation ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $131k (20% of expenses). Other salaries and wages came to $112k. At year end it held assets of $950k against liabilities of $16k, net assets of $934k. It reported 3 employees.