Animation Project Inc

Analysis

Animation Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Animation Project Inc reported income of $1.7m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.7m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Animation Project Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Illinois Bankers Education Services Inc ($1.7m), Associated Students California State University Fresno ($1.7m) and Union Bible College Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $333k (18% of expenses). Other salaries and wages came to $564k. At year end it held assets of $452k against liabilities of $22k, net assets of $430k. It reported 18 employees.