Project Ceti Inc

Analysis

Project Ceti Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover science and technology, 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, Project Ceti Inc reported income of $6.2m and spending of $6.8m, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $6.8m to $6.2m (-8.8%), an average of -3.0% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Ceti Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Swiss Institute ($6.2m), Neon Museum ($6.2m) and National Dance Institute New Mexico Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $335k (5.0% of expenses). Other salaries and wages came to $33k. At year end it held assets of $12.9m against liabilities of $284k, net assets of $12.6m. It reported 3 employees.