Project Pit

Analysis

Project Pit is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2019, 7 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 2022, Project Pit reported income of $200k and spending of $225k, spending 112% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $183k to $200k (+9.6%), an average of +9.6% a year. Over the whole period it spent 106% 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 Pit sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Dunes Arts Foundation Inc ($200k), Sturdivant Museum Association of Selma Inc ($201k) and Firehouse Dream Inc ($200k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of -$23k against liabilities of $0, net assets of -$23k.