Waterfront Project Inc

Analysis

Waterfront Project Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 2021, Waterfront Project Inc reported income of $862k and spending of $511k, leaving 41% of income unspent that year. Across the 2 years on record, from June 2020 to June 2021, income grew from $472k to $862k (+83%), an average of +83% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 69% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Waterfront Project Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Childrens Advocacy Center of Lowndes County Inc ($860k), California Womens Law Center ($863k) and Childrens Law Center of Minnesota ($860k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (22% of expenses). Other salaries and wages came to $298k. It paid $250 in professional fundraising fees. At year end it held assets of $608k against liabilities of $91k, net assets of $518k. It reported 6 employees.