American Security Project

Analysis

American Security Project is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, American Security Project reported income of $693k and spending of $819k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $693k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Security 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 75th percentile, and in the 49th percentile within DC. Charities of a similar size with the same main cause include The Carr Center Inc ($693k), Circle Theatre Inc ($694k) and Middletown Free Library Assoc Inc ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $170k (21% of expenses). Other salaries and wages came to $167k. At year end it held assets of $1.3m against liabilities of $980k, net assets of $284k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.