Hospitality Project Inc

Analysis

Hospitality Project Inc 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 employment, which this site groups under community and economic development. 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, Hospitality Project Inc reported income of $129k and spending of $141k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $129k (+12%), an average of +12% a year. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hospitality Project Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include People of Praise of New York Inc ($129k), Public Planning Research and Implementation ($129k) and Lifestream Charities Inc ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $1,788, net assets of $56k.