Quick charity verification for Project Philanthropy (EIN: 204862885)
Verdict: Project Philanthropy has notable concerns
10/100Mission Score
$0Revenue
$0Assets
4Red Flags
1Strengths
Red Flags
Latest reported revenue is $0
Latest reported assets are $0
Significant and rapid decline in revenue from 2013 to 2014 ($866,596 to $112,903)
Expenses significantly exceeded revenue in 2014 ($572,810 expenses vs. $112,903 revenue)
Strengths
Reported 0% officer compensation during its active years, indicating no executive pay.
Spending Breakdown
How Project Philanthropy allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Philanthropy
Is Project Philanthropy a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Philanthropy (EIN: 204862885) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Project Philanthropy a good charity to donate to?
Project Philanthropy has a Mission Score of 10/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Philanthropy?
The Employer Identification Number (EIN) for Project Philanthropy is 204862885. 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 Philanthropy spend its money?
Project Philanthropy allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Philanthropy's tax-exempt status?
You can verify Project Philanthropy's tax-exempt status using EIN 204862885 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 Philanthropy appears to be in a state of significant financial decline, based on its latest reported revenue of $0 and assets of $0. This is a stark contrast to its earlier years, where it reported substantial revenue, such as $866,596 in 2013 and $804,913 in 2012. The organization's last reported period in 2014 showed revenue of $112,903 against expenses of $572,810, indicating a substantial deficit and a concerning trend even before its current zero-revenue status. The lack of recent financial activity or reporting suggests the organization may be inactive or dissolved.
Given the current $0 revenue and assets, it is impossible to assess spending efficiency or program focus for the present. However, looking at the 2014 period, expenses significantly outstripped revenue, which is unsustainable. The organization consistently reported 0% officer compensation across all available filings, which is a positive indicator regarding executive pay, but this is overshadowed by the overall financial instability. Without more current data, it's difficult to determine current transparency practices, but the absence of recent financial activity is a major concern for potential donors.
Overall, Project Philanthropy's financial health has deteriorated severely, moving from a period of active operations and significant revenue to a complete lack of reported financial activity. This raises serious questions about its current operational status and ability to fulfill any mission.