Quick charity verification for Project Impact South Bend Inc (EIN: 134331624)
Verdict: Project Impact South Bend Inc appears trustworthy
88/100Mission Score
$131KRevenue
$275KAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities ($121,800) from 2021 onwards, without clear explanation in provided data.
Strengths
Consistent revenue growth, with 2023 revenue ($246,278) significantly higher than previous years.
Zero reported officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
Substantial asset growth from $872 in 2015 to $293,473 in 2023, demonstrating financial stability and capacity.
Consistent filing of IRS 990s for 14 periods, indicating strong transparency and compliance.
Spending Breakdown
How Project Impact South Bend Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Impact South Bend Inc
Is Project Impact South Bend Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Impact South Bend Inc (EIN: 134331624) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Project Impact South Bend Inc a good charity to donate to?
Project Impact South Bend Inc has a Mission Score of 88/100. Revenue: $131K. Assets: $275K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Impact South Bend Inc?
The Employer Identification Number (EIN) for Project Impact South Bend Inc is 134331624. 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 Impact South Bend Inc spend its money?
Project Impact South Bend Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Impact South Bend Inc's tax-exempt status?
You can verify Project Impact South Bend Inc's tax-exempt status using EIN 134331624 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 Impact South Bend Inc demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past few years. In 2023, the organization reported revenues of $246,278 against expenses of $236,284, indicating a slight surplus. The asset base has also grown substantially, reaching $293,473 in 2023 from a modest $872 in 2015, suggesting effective asset accumulation and financial stability. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission rather than executive salaries.
However, the organization's liabilities have increased significantly in recent years, reaching $121,800 from 2021 to 2023, after having no reported liabilities prior to 2021. While not necessarily a red flag on its own, it warrants further investigation to understand the nature of these liabilities and their impact on long-term financial health. The NTEE code O50 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests a focus on supporting other nonprofits or community initiatives, which aligns with a lean operational structure and potentially lower direct program expenses if they are primarily grant-making.
Overall, Project Impact South Bend Inc appears to be a financially sound organization with a strong commitment to its mission, as evidenced by its growth and lack of executive compensation. The increase in liabilities is the primary area for further scrutiny to ensure continued financial prudence and sustainability. The consistent filing of IRS 990s over 14 periods also indicates good transparency practices.