Participant Incorporated

Analysis

Participant Incorporated is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2002, 24 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, Participant Incorporated reported income of $756k and spending of $479k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $756k (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Participant Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Cincinnati Observatory Center ($756k), American Irish Historical Society Inc ($756k) and Sanctuary of the Arts ($756k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $36k (7.5% of expenses). Other salaries and wages came to $37k. At year end it held assets of $846k against liabilities of $405k, net assets of $440k. It reported 5 employees.