Participatory Budgeting Project Inc

Analysis

Participatory Budgeting Project Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Participatory Budgeting Project Inc reported income of $4.8m and spending of $3.2m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.8m (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Participatory Budgeting Project Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Business Technology Career Opportunities Inc ($4.8m), All Souls School ($4.8m) and Virginia Chance School Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.1m against liabilities of $212k, net assets of $2.9m. It reported 17 employees.