Is Project Apis M Legit?

Quick charity verification for Project Apis M (EIN: 208345956)

Verdict: Project Apis M appears trustworthy

88/100Mission Score

$2.5MRevenue

$2.0MAssets

2Red Flags

4Strengths

Red Flags

Significant deficit in the latest fiscal year (202306), with expenses exceeding revenue by over $900,000.
Decline in total assets from $3,189,552 in 202206 to $2,368,143 in 202306.

Strengths

Consistent reporting of 0% officer compensation, indicating strong financial transparency and mission focus.
Historically strong revenue generation, with several years exceeding $1.7 million and peaking at over $3.2 million in 202106.
Maintains a healthy asset base of over $2 million, providing financial resilience despite recent deficit.
Clear programmatic focus implied by NTEE code K05 and organization name.

Spending Breakdown

How Project Apis M allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Apis M

Is Project Apis M a legitimate charity?

Based on AI analysis of IRS 990 filings, Project Apis M (EIN: 208345956) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.

Is Project Apis M a good charity to donate to?

Project Apis M has a Mission Score of 88/100. Revenue: $2.5M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Project Apis M?

The Employer Identification Number (EIN) for Project Apis M is 208345956. 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 Apis M spend its money?

Project Apis M allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Project Apis M's tax-exempt status?

You can verify Project Apis M's tax-exempt status using EIN 208345956 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 Apis M demonstrates generally sound financial health, though the latest filing period (202306) shows expenses exceeding revenue by a significant margin ($2,522,637 in expenses vs. $1,640,575 in revenue), leading to a decrease in assets from $3,189,552 in 202206 to $2,368,143. This trend warrants monitoring to ensure long-term sustainability. Prior periods, such as 202106, showed strong surpluses with revenue of $3,245,987 against expenses of $2,059,115, indicating a capacity for effective fundraising and program delivery. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission. The NTEE code K05 suggests a focus on agricultural research and related activities, which aligns with the 'Apis M' (honey bee) in its name, implying a clear programmatic focus.

Spending efficiency appears to be robust, given the consistent program-oriented nature of their work and the absence of executive compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the organization prioritizes its mission. The fluctuation in revenue and expenses across years is typical for project-based or grant-funded organizations, but the recent deficit should be addressed. The organization's asset base of $2,368,143 in 202306 provides a reasonable buffer, though it has declined from previous years.

View Full Transparency Report →

Disclaimer

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