Side Street Projects

Analysis

Side Street Projects is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Side Street Projects reported income of $371k and spending of $423k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $427k to $371k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Side Street Projects sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Columbia Music Festival Assoc ($370k), Judy Garland Childrens Museum Inc ($371k) and Dawn Mountain ($370k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $142k (34% of expenses). Other salaries and wages came to $125k. At year end it held assets of $590k against liabilities of $5,550, net assets of $584k. It reported 19 employees.