Situation Project Inc

Analysis

Situation Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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 (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, Situation Project Inc reported income of $495k and spending of $451k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $495k (+945%), an average of +945% a year. The sharpest change came in the year to December 2023, when income rose by 945%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Situation Project Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include African American Cultural Center and Museum Inc ($495k), Aimusic US ($495k) and Evergreen City Ballet ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $185k against liabilities of $91k, net assets of $94k.