The Vera Project

Analysis

The Vera Project is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 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, The Vera Project reported income of $1.4m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $1.4m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Vera Project sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Cedille Chicago NFP ($1.4m), The Texas Democracy Foundation ($1.4m) and Musicall Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. Other salaries and wages came to $589k. At year end it held assets of $690k against liabilities of $4,178, net assets of $685k. It reported 12 employees.