Shift Project Ltd

Analysis

Shift Project Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Shift Project Ltd reported income of $3.5m and spending of $3.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.5m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Shift Project Ltd sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include People International ($3.5m), Hands Together Inc ($3.6m) and Korea Society ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $554k (18% of expenses). Other salaries and wages came to $1.4m. It paid $12k in professional fundraising fees. At year end it held assets of $3.6m against liabilities of $917k, net assets of $2.7m. It reported 8 employees.