Resolution Project Inc

Analysis

Resolution Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Resolution Project Inc reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $1.9m to $2.7m (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 406%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Resolution Project Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Ladies of Hope Ministries Inc ($2.7m), Acra Local 725 Joint Apprenticeship and Training Committee Trust ($2.7m) and Centro Partnership San Antonio ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $224k (8.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $709k against liabilities of $133k, net assets of $576k. It reported 21 employees.