The Mundi Project

Analysis

The Mundi Project is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Mundi Project reported income of $220k and spending of $244k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $156k to $220k (+41%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 89% 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 Mundi Project sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within UT. Charities of a similar size with the same main cause include Lake Wales History Museum Inc ($220k), Venetian Arts Society Inc ($220k) and Association for Safe International Road Travel Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $45k (19% of expenses). Other salaries and wages came to $56k. At year end it held assets of $179k against liabilities of $3,410, net assets of $176k. It reported 3 employees.