Economic Security Project Inc

Analysis

Economic Security Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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, Economic Security Project Inc reported income of $11.2m and spending of $11.2m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $862k to $11.2m (+1195%), an average of +135% a year. The sharpest change came in the year to December 2021, when income rose by 1010%. Over the whole period it spent 82% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Economic Security Project 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include East Bay Community Law Center ($11.2m), Legal Aid of Nebraska ($11.2m) and Community Legal Aid Services Inc ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $527k (4.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $8.0m against liabilities of $602k, net assets of $7.4m. It reported 38 employees.