Real News Project Inc

Analysis

Real News Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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, Real News Project Inc reported income of $467k and spending of $450k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $534k to $467k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Real News Project Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Childrens Legacy Theater Inc ($467k), Philadelphia Dance Theatre Inc ($467k) and Pella Opera House Commission ($466k).

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 $150k (33% of expenses). At year end it held assets of $151k against liabilities of $0, net assets of $151k.