Speedwell Projects

Analysis

Speedwell Projects is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in October 2021, 5 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, Speedwell Projects reported income of $191k and spending of $185k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $193k to $191k (-1.2%), an average of -1.2% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Speedwell Projects sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include Miami Biennale Inc ($191k), Street Theatre Company ($191k) and Cincinnati Art Club ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $42k (23% of expenses). Other salaries and wages came to $9,088. At year end it held assets of $114k against liabilities of $20k, net assets of $93k. It reported 4 employees.