Democratizing Philanthropy Project

Analysis

Democratizing Philanthropy Project is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Democratizing Philanthropy Project reported income of $900k and spending of $2.0m, spending 220% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $550k to $900k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 138% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Democratizing Philanthropy Project sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Madison Northside Planning Council Inc ($900k), Connected Communities Inc ($901k) and Assistance League of Riverside ($900k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $978k against liabilities of $288k, net assets of $689k.