Elizabeth River Project

Analysis

Elizabeth River Project is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, Elizabeth River Project reported income of $3.0m and spending of $3.6m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $3.0m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2020, when income rose by 310%. Over the whole period it spent 53% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Elizabeth River Project sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include The US Climate Action Network ($3.0m), Denver Botanic Gardens Endowment Inc ($3.0m) and Squam Lakes Natural Science Center ($3.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $102k (2.8% of expenses). Other salaries and wages came to $1.2m. It paid $38k in professional fundraising fees. At year end it held assets of $15.5m against liabilities of $1.7m, net assets of $13.8m. It reported 43 employees.