Inheiritance Project Ltd
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The In[HEIR]itance Project creates space for communities to navigate challenging civic conversations through collaborative theater projects inspired by inherited texts, traditions, cultures, customs, and beliefs.
- Income
- $466,527
- Spending
- $458,539
- Spent on programs
- 71%
- Reserves
- -2.3 months of spending
- Largest source of income
- donations and private grants, 94%
- Employees
- 5
- Volunteers
- 750
- Highest pay
- $74,750, executive dir.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 47 out of 100. Higher than 16% of charities in its peer group (arts and culture, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20It owes 51% of what it owns.
Living within its means
12 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 5% on the year before.
Spending floor
15 of 1571% of spending went to programs and raising each dollar of donations cost 8 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 67 out of 100. Higher than 43% of charities in its peer group (arts and culture, $250k to $1m).
Independent board
25 of 2510 of 10 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $326,637 spent. The Inheritance Theater Project is a national arts organization that works with intersectional, intergenerational, and interfaith communities to build relationships across societal divides through collaborative theater projects inspired by shared cultural touchstones. Since its founding in 2015, the company has employed over 240 artists to engage over 12,000 people in 17 cities in the creation of original theater pieces. In FY 2024, we undertook four major projects. They are described below:Juneteenth Seder: Los AngelesIn LA, we completed our sixth project in our Exodus in America Series. Working with over two dozen community partners including the Skirball Center, the Motion Picture Television Fund, the CAA Foundation, KIPP Philosphers Academy in Watts, the Black Jewish Entertainment Alliance, LA Jewish Federation, LAUSD, Grand Arts High School, and the LA Board of Supervisors, we engaged over a 1500 Angelenos to create and perform an original community-devised performance/eating experience called Guess Whos Coming to the Juneteenth Seder.Water Series: HobokenHoboken floods. Often. And the impact of that flooding is disproportionally felt in lower income areas of the city. Our artist team began a project in the fall of 2024 to navigating the tensions around this issue, working with the City of Hoboken Depts of Constituency Services and Cultural Affairs, Fund for a Better Waterfront, Mile Square Theater, Hoboken High School, All Saints Episcopal Parish, and other community partners. The final performance will premiere in early summer 2025.Civic Series: ChicagoIn a project funded, in part, by a new grant from the National Endowment for the Arts, our team began working with siloed communities on the South and West Sides of Chicago to explore the First Amendment of the US Constitution and the relationship these communities have to each other and to the freedoms guaranteed by that sacred civic text. Were partnering with some incredible local organizations including the Mikva Challenge, the Simple Good, First Presbyterian Church, the Civic Actors Studio at the University of Chicago, Congregation Rodfei Zedek, and the Free Street Theater for a devised theater project that will culminate in September of 2025.NYC Salon SeriesThroughout 2024, thanks to a Signature Grant from the Covenant Foundation, ITP has been incubating our model of engaging with religion, tradition, and text through a tremendously exciting series of salons in NYC engaging Black, Jewish, and Black-Jewish artists, clergy and civic leaders. These salons have taken place in private homes, a soul food restaurant, an art gallery, and at St James Presbyterian Church in Harlem. We know our model has the potential for maturation, and we are iterating and honing our methodology with an eye towards implementation and training for artists and educators nationwide.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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