Repurpose Project

Analysis

Repurpose Project is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in May 2014, 12 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, Repurpose Project reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $1.3m (+263%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 217%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Repurpose Project sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Southeastern Minnesota Arts Council Inc ($1.3m), Rino Gives Back ($1.3m) and Alive on the Lakeshore ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $73k (6.1% of expenses). Other salaries and wages came to $735k. At year end it held assets of $1.2m against liabilities of $667k, net assets of $483k. It reported 50 employees.