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Economic Security Project

New York, NY · EIN 85-3888872 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Economic Security Project reported $14.6 million in revenue and $10.2 million in expenses for calendar year 2024. Of every $100 it spent, $80.50 went to program services, $13.40 to management and general costs and $6.10 to fundraising. Its largest source of revenue was contributions and grants: 99.0% of the total. The highest compensation it reported for one person was $321,771 (PRESIDENT). 22 people received more than $100,000 in reportable compensation. Revenue rose 53% between 2021 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $10M

For context, the median across 132 covered civil rights, social action & advocacy charities: $84.11 programs, $11.40 management, $4.49 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 132 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
80.5%82.1%
Management & general
Part IX 25(C) ÷ 25(A)
13.4%11.1%
Fundraising
Part IX 25(D) ÷ 25(A)
6.1%4.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.04$0.05
Contributions & grants share of revenue
Part VIII 1h ÷ 12
99.0%94.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.3%
Highest reported compensation
Part VII-A, columns D–F
$321,771$321,771
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.17%1.81%
People paid over $100,000
Part VII, line 2
228
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
14.010.5
Independent voting board members
Part VI 1a–1b
4 of 5100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$2.5M expenses · 30.4% of program spending · grants $691K · revenue $200

Campaigns - this past year, we helped secure new or expanded child tax credits in states, putting money back in people's pockets. We also championed the successful expansion of IRS direct file, a free, public, tax filing option, to save americans billions in filing fees and put cash in their pockets by delivering billions in missed tax credits annually. Additionally, we launched Economic Security california (esca) to rehape california's economic landscape by championing cash policies and challenging corporate consolidation

$1.8M expenses · 22.1% of program spending · grants $81,500

Btf cash - we lead the movement championing guaranteed income to provide basic security for all americans. This includes leading the national coalition, holding the flagship guaranteed income now conference, and undertaking the largest research initiative on direct cash to date. We launched esp president natalie foster's book, the guarantee: inside the fight for america's next economy, sparking a nationwide conversation about what's possible when we put people at the center of our economic policy and held dozens of events across the country to convene stakeholders around the ideas in the book

$1.6M expenses · 19.6% of program spending · grants $805K

Btf shaping markets - we seed big ideas to shape markets to work for people. Our public options for america fund explores accessible and affordable options in markets such as housing, healthcare, and childcare. In the food sector, our work on public grocery stores in illinois inspired local leaders in other states, proving that good ideas can take root and grow across the country. We also convened a series of conversations with experts nation-wide on ai, understanding that how we shape ai and the digital economy in the years ahead will be foundational for people's economic future. We led…

$2.3M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Director/trustee, officer, 36.00 hrs/week
$262,918$35,853$23,000$321,771
CAMPAIGNS & POLITICAL STRATEGY
Highest compensated employee, 36.00 hrs/week
$134,293$164,135$12$298,440
EXECUTIVE DIRECTOR
Officer, 36.00 hrs/week
$206,182$45,259$23,015$274,456
COMMUNICATIONS & EXTERNAL AFFAIRS
Highest compensated employee, 36.00 hrs/week
$172,619$40,491$23,000$236,110
SENIOR DIRECTOR OF CAMPAIGNS
Highest compensated employee, 36.00 hrs/week
$119,461$79,641$35,527$234,629
BUILD THE FIELD
Highest compensated employee, 36.00 hrs/week
$186,000$11,872$15,097$212,969
DIRECTOR OF ECONOMIC SECURITY CA
Highest compensated employee, 36.00 hrs/week
$107,602$71,734$30,777$210,113

22 people received more than $100,000 in reportable compensation from Economic Security Project (Part VII, line 2). Compensation of current officers, directors and key employees totaled $596K (Part IX, line 5).

5 filings since FY2020 (2 mo.)

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpensesShort periods (after a fiscal-year change) are in the table, not the chart.
$0$5.0M$10M$15M$20M2021202220232024$15M$10M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$15M$10M80.5%$12M$321,771
2023 ⓘ$11M$11M80.6%$7.4M$331,893
2022 ⓘ$11M$11M87.5%$7.5M$284,523
2021 ⓘ$9.6M$4.6M90.7%$7.2M$182,095
FY2020 (2 mo.) ⓘ$862K$104K80.8%$758K$18,688

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b5 · 4 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 537
  • Volunteers Part I, line 64

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
MARKHAM GROUP LLC
Event production
$399,216
EMC COMMUNICATIONS
Consulting
$212,250
DAVID BINDER RESEARCH
Consulting
$167,100

Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.

Private foundation grants it received

14 private foundations reported grants to Economic Security Project totaling $5.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Economic Security Project's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Economic Security Project, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All civil rights, social action & advocacy charities · Largest charities in New York

Questions people ask

How much of Economic Security Project's spending goes to programs?

In calendar year 2024, Economic Security Project reported that 80.5% of its $10.2 million in expenses went to program services, 13.4% to management and general and 6.1% to fundraising (Form 990, Part IX).

How much does Economic Security Project pay its top executive?

The largest total compensation Economic Security Project reported for one person in calendar year 2024 was $321,771, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Economic Security Project get its money?

Of $14.6 million in revenue in calendar year 2024, 99.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Economic Security Project a registered charity?

The IRS lists EIN 85-3888872 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202502869349302365 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202402289349302950 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343189349303164 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202223199349312732 · read the filing
  • FY2020 (2 mo.): Form 990 for the 2-month short period ending December 31, 2020, object 202103159349305005 · read the filing

All filings for EIN 85-3888872: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.