The Wrapped Project

Analysis

The Wrapped Project is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Wrapped Project reported income of $95k and spending of $74k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,748 to $95k (+2434%), an average of +2434% a year. The sharpest change came in the year to December 2023, when income rose by 2434%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Wrapped Project sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Northstar International Inc ($95k), Community S Heart to Heart Inc ($95k) and Pelican Rapids Community Food Shelf Inc ($95k).

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 $28k against liabilities of $11k, net assets of $17k.