The Reverence Project

Analysis

The Reverence Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Reverence Project reported income of $1.7m and spending of $633k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $1.7m (+388%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 1335%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Reverence Project sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Piedmont Triad Partnership ($1.7m), Support Center for Nonprofit Management Inc ($1.7m) and Goodwill Industries of Dallas Foundation Inc ($1.7m).

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 $51k. At year end it held assets of $1.7m against liabilities of $8,117, net assets of $1.7m. It reported 20 employees.