Mahogany Project

Analysis

Mahogany Project is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2018, 8 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, Mahogany Project reported income of $491k and spending of $348k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $622k to $491k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 53% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mahogany Project sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include The Council of Educators in Landscape Architecture Incorporate ($491k), Golden Thread Productions ($491k) and D C Arts and Humanities Education Collaborative Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. At year end it held assets of $377k against liabilities of $156, net assets of $377k. It reported 4 employees.