Figment Project Inc
Only null% goes to programs Strong reserves Growing revenue
Figment Project Inc is a 501(c)(3) organization based in New York, New York, registered in 2007, with $153,917 in FY2024 revenue. CharityIndex grades it D.
348 W 38th St Apt 9d, New York, NY, 10018 EIN 20-4582464 Since 2007
Revenue (FY2024)
$154K
▲ 92.0% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$232K
Net assets
$175K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Figment Project Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating9 mo reserves · -50% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Figment Project Inc: 9 mo reserves · -50% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Figment Project Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Figment Project Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 348 W 38th St Apt 9d, New York, NY, 10018
- City
- New York
- State
- New York
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
- Website
- …
Financial trends
Revenue grew from $140K (FY2009) to $154K (FY2024) across 16 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $175K
Operating margin
-50.4%
Spent more than it raised in the latest fiscal year.
Total assets
$175K
Total liabilities
$0
Net assets
$175K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $153,917▲92.0% | $231,519▲143% | $175,208▲159% | $175,208▼31.8% | 990 |
| 2023 | $80,162▼17.5% | $95,134▼15.3% | $67,670▼18.1% | $256,717▲65.7% | 990EZ |
| 2022 | $97,213▼17.2% | $112,346▼32.7% | $82,641▼30.0% | $154,943▲23.5% | 990EZ |
| 2021 | $117,383▲36.0% | $166,862▲126% | $117,976▼27.6% | $125,462▼27.1% | 990EZ |
| 2020 | $86,281▼48.6% | $73,763▼46.5% | $162,841▲8.3% | $171,994▲5.6% | 990EZ |
| 2019 | $167,835▼22.7% | $137,831▼23.9% | $150,323▲27.5% | $162,845▲31.5% | 990 |
| 2018 | $217,158▲5.5% | $181,005▼28.1% | $117,936▲76.6% | $123,872▲60.3% | 990 |
| 2017 | $205,778▼24.1% | $251,684▲4.3% | $66,783▼40.7% | $77,257▼34.5% | 990 |
| 2016 | $270,953▲20.6% | $241,378▼17.4% | $112,689▲35.6% | $117,997▲35.7% | 990 |
| 2015 | $224,731▼13.4% | $292,154▲22.1% | $83,114▼44.8% | $86,957▼44.7% | 990 |
| 2014 | $259,473▼0.2% | $239,280▲7.4% | $150,537▲15.5% | $157,163▼7.7% | 990 |
| 2013 | $259,912▲65.9% | $222,834▲26.7% | $130,344▲121% | $170,288▲154% | 990 |
| 2012 | $156,674▼3.3% | $175,855▲87.9% | $58,966▼24.5% | $66,924▼25.9% | 990EZ |
| 2011 | $162,068▲75.8% | $93,603▼15.0% | $78,148▲707% | $90,353▲140% | 990EZ |
| 2010 | $92,202▼34.0% | $110,057▼13.3% | $9,683▼64.8% | $37,668▲14.5% | 990EZ |
| 2009 | $139,610 | $126,967 | $27,538 | $32,900 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $582K total
8 grants to Figment Project Inc totaling $582K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Way of New York City | Change capital fund - change capital fund the change capital fund (ccf) is a collaboration of philanthropic foundations and financial institutions that pool funds to invest in community development efforts across new york city. ccf began funding community development corporations towards the goal of more effectively reducing persistent and chronic poverty. each participating nonprofit organization will be funded over four years and receive technical assistance support towards the goal of building internal capacity for multi-disciplinary practices and improved outcomes tracking systems, and developing more effective business models. | 2023 | $125,000 |
| United Way of New York City | Change capital fund - change capital fund the change capital fund (ccf) is a collaboration of philanthropic foundations and financial institutions that pool funds to invest in community development efforts across new york city. ccf began funding community development corporations towards the goal of more effectively reducing persistent and chronic poverty. each participating nonprofit organization will be funded over four years and receive technical assistance support towards the goal of building internal capacity for multi-disciplinary practices and improved outcomes tracking systems, and developing more effective business models. | 2022 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $50,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $50,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $100,200 |
| Network For Good Inc | Unrestricted | 2016 | $6,328 |
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Frequently asked questions
- Is Figment Project Inc a legitimate nonprofit?
- Yes. Figment Project Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-4582464, based in New York, New York. Donations are tax-deductible.
- What is Figment Project Inc's EIN?
- Figment Project Inc's Employer Identification Number (EIN) is 20-4582464.
- How much revenue does Figment Project Inc report?
- Figment Project Inc reported $153,917 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Figment Project Inc have?
- CharityIndex grades Figment Project Inc D, based on financial health (reserves and operating margin).
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Data for Figment Project Inc (EIN 20-4582464) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.