Project Rhythhm Inc

Analysis

Project Rhythhm Inc is a registered charity in United States, based in Jackson Heights, NY. It received its IRS tax-exemption ruling in April 2012, 14 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, Project Rhythhm Inc reported income of $50k and spending of $16k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,755 to $50k (+2751%), an average of +2751% a year. The sharpest change came in the year to December 2023, when income rose by 2751%. Over the whole period it spent 103% 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 Rhythhm Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Belle Reve Theatre Company ($50k), Seattle Genealogical Society ($50k) and Alpharetta Historical Society Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.