Honduras Well Project

Analysis

Honduras Well Project is a registered charity in United States, based in Oregon City, OR. It received its IRS tax-exemption ruling in May 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, Honduras Well Project reported income of $403k and spending of $353k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $237k to $403k (+70%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Honduras Well Project sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include World Theatre Foundation ($403k), The Tulsa Arts Management Consortium Inc ($403k) and Balafon West African Dance Ensemble Inc ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $199k against liabilities of $298, net assets of $199k.