Is Project Als Inc Legit?

Quick charity verification for Project Als Inc (EIN: 134019464)

Verdict: Project Als Inc appears trustworthy

70/100Mission Score

$4.0MRevenue

$1.7MAssets

3Red Flags

3Strengths

Red Flags

Frequent operational deficits (e.g., 202307, 202107, 201907)
Liabilities often exceed assets in recent years (e.g., 202307: $2.29M liabilities vs $1.66M assets)
Significant decrease in assets over time (from $4.27M in 201707 to $1.66M in 202307)

Strengths

Consistent multi-million dollar revenue generation
Reported 0% officer compensation across all filings, potentially maximizing program spending
Long history of IRS 990 filings (13 filings), indicating transparency in reporting

Spending Breakdown

How Project Als Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Project Als Inc

Is Project Als Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Project Als Inc (EIN: 134019464) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Project Als Inc a good charity to donate to?

Project Als Inc has a Mission Score of 70/100. Revenue: $4.0M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Project Als Inc?

The Employer Identification Number (EIN) for Project Als Inc is 134019464. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Project Als Inc spend its money?

Project Als Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Project Als Inc's tax-exempt status?

You can verify Project Als Inc's tax-exempt status using EIN 134019464 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Project Als Inc demonstrates a fluctuating financial performance over the past decade. While the organization has consistently generated multi-million dollar revenues, expenses have frequently exceeded revenue, as seen in 202307 where expenses were $4,483,713 against revenues of $3,776,913, leading to a deficit. This trend of operating at a deficit in several years (e.g., 2023, 2021, 2019, 2018, 2017, 2016, 2015, 2014) suggests potential challenges in maintaining long-term financial stability without drawing down reserves or increasing liabilities. The organization's assets have also shown variability, decreasing from a high of $4,278,481 in 201707 to $1,661,605 in 202307, while liabilities have generally remained significant, often exceeding assets in recent years (e.g., $2,290,954 liabilities vs. $1,661,605 assets in 202307). This indicates a reliance on debt or short-term obligations to fund operations. 

The consistent reporting of 0% officer compensation across all available filings is a notable aspect of their transparency and could indicate a volunteer-led executive structure or that compensation is not reported under 'officer compensation' in a way that is visible in this summary. This practice, if accurate, could contribute to a higher proportion of funds being directed towards programs. However, the overall financial health is impacted by the recurring deficits and the increasing liabilities relative to assets, which warrants closer examination of their operational efficiency and fundraising strategies to ensure sustainability. The NTEE code G50 suggests a focus on medical research, which often entails significant program costs.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.