Project 440 Inc

Analysis

Project 440 Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 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 August 2023, Project 440 Inc reported income of $340k and spending of $337k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $229k to $340k (+49%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project 440 Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include U S Board Riders Clubs ($340k), Rci-Iibec Foundation Inc ($340k) and Half Moon Bay History Association ($340k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $120k (36% of expenses). Other salaries and wages came to $38k. At year end it held assets of $214k against liabilities of $528, net assets of $214k. It reported 5 employees.