New Literary Project

Analysis

New Literary Project is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2020, 6 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, New Literary Project reported income of $444k and spending of $417k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $273k to $444k (+63%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Literary Project sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Opportunity Music Project Inc ($444k), Jazz in January Inc ($444k) and Auburn Symphony Association ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $143k (34% of expenses). Other salaries and wages came to $34k. At year end it held assets of $265k against liabilities of $26k, net assets of $239k. It reported 3 employees.