Digital Dollar Project Inc

Analysis

Digital Dollar Project Inc is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Digital Dollar Project Inc reported income of $1.1m and spending of $1.4m, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $1.1m (+12%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Digital Dollar Project Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Jeanne B McCoy Community Center for the Arts Corporation ($1.1m), Republic County Historical Society ($1.1m) and Pisgah Astronomical Research Institute ($1.1m).

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 $440k (32% of expenses). Other salaries and wages came to $288k. At year end it held assets of $111k against liabilities of $5,057, net assets of $106k.