Butterfly Effect Project Inc

Analysis

Butterfly Effect Project Inc is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Butterfly Effect Project Inc reported income of $402k and spending of $388k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $211k to $402k (+90%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Butterfly Effect 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 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Aspire Movement Inc ($402k), Oak Ridge Youth Development Corporation ($402k) and James B Washington Education and Sports Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $81k (21% of expenses). Other salaries and wages came to $115k. At year end it held assets of $33k against liabilities of $104k, net assets of -$72k. It reported 11 employees.