Project Veritas

Analysis

Project Veritas is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in January 2026. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Project Veritas reported income of $20.7m and spending of $20.6m, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $12.2m to $20.7m (+70%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 81%. 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, Project Veritas sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Grand Rapids Public Museum ($20.6m), National Society of Black Engineers ($20.7m) and Ut-Battelle Development Corporation ($20.5m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $1.4m (7.0% of expenses). Other salaries and wages came to $4.0m. It paid $184k in professional fundraising fees. At year end it held assets of $12.8m against liabilities of $1.8m, net assets of $11.0m. It reported 59 employees.