418 Project

Analysis

418 Project is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in June 1993, 33 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 2022, 418 Project reported income of $889k and spending of $367k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $213k to $889k (+318%), an average of +61% a year. The sharpest change came in the year to December 2022, when income rose by 183%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 418 Project sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Valhalla Tahoe ($889k), Pennyroyal Arts Council Inc ($889k) and Marthas Vineyard Community Television Inc ($888k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Other salaries and wages came to $120k. At year end it held assets of $931k against liabilities of $550, net assets of $930k.