Project Innerspace Inc

Analysis

Project Innerspace Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Project Innerspace Inc reported income of $7.6m and spending of $3.6m, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.4m to $7.6m (+437%), an average of +437% a year. The sharpest change came in the year to December 2023, when income rose by 437%. Over the whole period it spent 48% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Project Innerspace Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Years Project Inc ($7.6m), Soil Health Institute ($7.6m) and Center for Climate Integrity ($7.6m).

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 $240k (6.7% of expenses). Other salaries and wages came to $414k. At year end it held assets of $4.9m against liabilities of $167k, net assets of $4.7m. It reported 1 employees.