Inheiritance Project Ltd

Analysis

Inheiritance Project Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2020, 6 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, Inheiritance Project Ltd reported income of $443k and spending of $386k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $454k to $443k (-2.2%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inheiritance Project Ltd sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Fort Hill Performing Arts Center Inc ($443k), Community Playhouse ($444k) and Tribal Trust Foundation Inc ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $47k (12% of expenses). Other salaries and wages came to $159k. At year end it held assets of $168k against liabilities of $96k, net assets of $71k. It reported 5 employees.