Athena Project

Analysis

Athena Project is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Athena Project reported income of $162k and spending of $162k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $162k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Athena Project sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Old State Capitol Foundation Inc ($162k), Cultural Arts Society of West Jordan ($162k) and Western Illinois Museum ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. At year end it held assets of $119k against liabilities of $7,110, net assets of $112k.