Nagen Project Inc

Analysis

Nagen Project Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Nagen Project Inc reported income of $2.3m and spending of $1.8m, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $986k to $2.3m (+135%), an average of +135% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 66% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Nagen Project Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Nothing Into Something Real Estate Inc ($2.3m), American Civil Liberties Union Foundation of Louisiana ($2.3m) and Free Arts for Abused Children of Arizona ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m.