The Remedy Project Inc

Analysis

The Remedy Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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 December 2023, The Remedy Project Inc reported income of $142k and spending of $170k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $142k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Remedy Project Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Marian Center ($142k), Dream Big Darling ($142k) and DSC of Wyoming ($142k).

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 $24k against liabilities of $0, net assets of $24k.