Kithara Project Inc

Analysis

Kithara Project Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 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, Kithara Project Inc reported income of $187k and spending of $140k, leaving 25% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $126k to $187k (+49%), an average of +49% a year. The sharpest change came in the year to August 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kithara Project Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Sioux Center Music Boosters Inc ($187k), Artists in Middleburg ($187k) and Femme House ($187k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $1,604, net assets of $72k.