Generations Project Inc

Analysis

Generations Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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 2023, Generations Project Inc reported income of $288k and spending of $255k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $230k to $288k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Generations Project Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Brazilian Cultural Arts Center of Santa Barbara ($288k), Inspire Music Service Hope Inc ($288k) and Lakeland Band Boosters ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $120k. At year end it held assets of $71k against liabilities of $0, net assets of $71k.