Extra Terrestrial Projects Inc

Analysis

Extra Terrestrial Projects Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2015, 11 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 August 2023, Extra Terrestrial Projects Inc reported income of $74k and spending of $50k, leaving 33% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $46k to $74k (+60%), an average of +27% a year. The sharpest change came in the year to August 2023, when income rose by 216%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Extra Terrestrial Projects Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($74k), Alano Society Inc ($74k) and Jasper Project Inc ($74k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.