Voter Formation Project

Analysis

Voter Formation Project is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 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, Voter Formation Project reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.5m to $2.6m (+77%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 94% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Voter Formation Project sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Mainland Childrens Partnership ($2.6m), Ahimsa Collective ($2.6m) and Minnesota Twins Community Fund ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $264k (10% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $585k against liabilities of $170k, net assets of $416k. It reported 17 employees.