Current Project

Analysis

Current Project is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Current Project reported income of $341k and spending of $106k, leaving 69% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $179k to $341k (+90%), an average of +90% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Current Project sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include High Country Senior Citizens ($341k), Holding Hands Resale Shop ($341k) and Pike County Developmental Center Inc ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (47% of expenses). It paid $3,000 in professional fundraising fees. At year end it held assets of $322k against liabilities of $1,393, net assets of $321k.