The Sato Project Inc

Analysis

The Sato Project Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Sato Project Inc reported income of $2.4m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The Sato Project Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Gloucester-Mathews Humane Society ($2.4m), Pet Care Foundation ($2.5m) and Shelter to Soldier Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $118k (4.5% of expenses). Other salaries and wages came to $267k. At year end it held assets of $1.6m against liabilities of $437k, net assets of $1.2m. It reported 7 employees.