The Royalty Project Inc

Analysis

The Royalty Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Royalty Project Inc reported income of $66k and spending of $26k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2020 to December 2022, income grew from $9,268 to $66k (+613%), an average of +614% a year. The sharpest change came in the year to December 2022, when income rose by 613%. Over the whole period it spent 40% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Royalty Project Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include New Amsterdam Boys Choir Inc ($66k), National Charity League Inc Hills of Austin Chapter ($66k) and Jde Booster Club ($66k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.