Consistent 0% officer compensation reported, which may obscure actual executive remuneration if salaries are reported elsewhere.
Significant increase in liabilities from $5,297,469 in 2022 to $20,024,390 in 2023, warranting further investigation into the nature of these liabilities.
Strengths
Consistent and substantial revenue growth over the past decade, indicating increasing capacity and impact.
Strong program spending ratio, with an estimated 88% of expenses going directly to programs.
Healthy asset growth, from $14.5 million in 2014 to $39.5 million in 2023, enhancing long-term stability.
Positive operating margins in most years, demonstrating effective financial management.
Long history of IRS 990 filings, indicating a commitment to transparency and regulatory compliance.
Spending Breakdown
How Project Hospitality Inc allocates its funds across programs, administration, and fundraising.
88%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
5%
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 Hospitality Inc
Is Project Hospitality Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Hospitality Inc (EIN: 133234441) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Project Hospitality Inc a good charity to donate to?
Project Hospitality Inc has a Mission Score of 90/100. Revenue: $53.1M. Assets: $39.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Hospitality Inc?
The Employer Identification Number (EIN) for Project Hospitality Inc is 133234441. 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 Hospitality Inc spend its money?
Project Hospitality Inc allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Hospitality Inc's tax-exempt status?
You can verify Project Hospitality Inc's tax-exempt status using EIN 133234441 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 Hospitality Inc demonstrates strong financial health with consistent revenue growth over the past decade, increasing from $25.5 million in 2014 to over $51 million in 2023. The organization consistently spends a high proportion of its expenses on program services, indicating efficient use of funds towards its mission. For instance, in 2023, expenses were $49,430,997 against revenues of $51,055,660, showing a healthy operating margin. The organization's assets have also grown significantly, from $14.5 million in 2014 to $39.5 million in 2023, suggesting good financial management and capacity building.
While the filings consistently report 0% officer compensation, which could indicate that executive salaries are not reported under 'officer compensation' or that the organization relies heavily on volunteer leadership for its top roles, further investigation would be needed to fully understand executive remuneration practices. The organization's liabilities have seen a notable increase in recent years, reaching $20,024,390 in 2023, which warrants monitoring but is not necessarily a red flag given the substantial asset growth. Overall, Project Hospitality appears to be a financially stable and program-focused organization.
Transparency regarding executive compensation could be improved by providing more detailed breakdowns if compensation is indeed paid but not categorized under 'officer compensation'. However, the consistent filing of IRS Form 990s over many years demonstrates a commitment to regulatory compliance and public disclosure of financial activities.