Project

Analysis

Project is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2006, 20 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 December 2023, Project reported income of $141k and spending of $118k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $191k to $141k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Girl Develop It ($141k), I Am Cultured Inc ($141k) and Artistic Movement Organization ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $29k, net assets of $23k.