Mostly Modern Projects Inc

Analysis

Mostly Modern Projects Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2007, 19 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 September 2023, Mostly Modern Projects Inc reported income of $988k and spending of $957k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $638k to $988k (+55%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 118%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mostly Modern Projects Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Quincy Telecommunications Corporation Inc ($988k), Ilan-Lael ($988k) and Museum of Afro American History Inc ($988k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $102k. At year end it held assets of $211k against liabilities of $57k, net assets of $154k. It reported 2 employees.