Pendulum Project Inc

Analysis

Pendulum Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, 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 2022, Pendulum Project Inc reported income of $500k and spending of $675k, spending 135% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $1.0m to $500k (-50%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pendulum Project Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Asombro Institute for Science Education ($500k), Culture Wise Studies Inc ($500k) and Tu Bi Buddhist Temple ($500k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $545k against liabilities of $0, net assets of $545k.