Ortega Y Gasset Projects Inc

Analysis

Ortega Y Gasset Projects Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2017, 9 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, Ortega Y Gasset Projects Inc reported income of $143k and spending of $124k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $143k (+175%), an average of +175% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ortega Y Gasset Projects Inc 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 Embassy Series ($143k), Naperville Youth Symphony Orchestra ($143k) and Punjabi Cultural Society of Michigan ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $30k against liabilities of $3,270, net assets of $27k.