Is Project Re Direct Inc Legit?

Quick charity verification for Project Re Direct Inc (EIN: 204910970)

Verdict: Project Re Direct Inc appears trustworthy

90/100Mission Score

$23.5MRevenue

$23.1MAssets

1Red Flags

5Strengths

Red Flags

Lack of detailed functional expense breakdown in provided data, limiting granular analysis of program vs. admin/fundraising spending.

Strengths

Consistent and significant revenue growth, from $5.6M in 2015 to $23.4M latest revenue.
Strong financial health with assets consistently exceeding liabilities (e.g., $12.5M assets vs. $1.7M liabilities in 2023).
0% reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
Positive net income trend, with expenses consistently lower than revenue, leading to asset accumulation.
Low liabilities relative to assets, indicating financial stability and low debt burden.

Spending Breakdown

How Project Re Direct 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

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 Re Direct Inc

Is Project Re Direct Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Project Re Direct Inc (EIN: 204910970) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Project Re Direct Inc a good charity to donate to?

Project Re Direct Inc has a Mission Score of 90/100. Revenue: $23.5M. Assets: $23.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Project Re Direct Inc?

The Employer Identification Number (EIN) for Project Re Direct Inc is 204910970. 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 Re Direct Inc spend its money?

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

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

You can verify Project Re Direct Inc's tax-exempt status using EIN 204910970 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 Re Direct Inc demonstrates strong financial health and growth, with its latest revenue reaching $23,462,621 and assets at $23,090,502. The organization has shown consistent revenue growth over the past several years, from $5,685,709 in 2015 to $17,297,346 in 2023, indicating increasing support and operational scale. A significant strength is the reported 0% officer compensation across all available filings, which suggests a high degree of volunteer leadership or that compensation is not reported in a way that is easily identifiable as officer compensation, which could be a point of further inquiry for transparency. The organization consistently spends less than its revenue, leading to healthy asset accumulation.

The spending efficiency appears robust, with expenses generally well below revenue, allowing for asset growth. For example, in 2023, expenses were $10,955,444 against $17,297,346 in revenue, indicating a substantial surplus. The lack of reported officer compensation is a positive indicator for donor confidence regarding executive pay. However, without a detailed functional expense breakdown (program, administrative, fundraising), a precise assessment of spending efficiency across different categories is challenging. The consistent growth in assets and revenue, coupled with low liabilities relative to assets, points to a financially stable and well-managed organization.

Transparency regarding executive compensation is excellent, with 0% reported for officers. However, the absence of a detailed functional expense breakdown in the provided data limits a full assessment of how efficiently funds are allocated between programs, administration, and fundraising. While the overall financial picture is positive, more granular expense data would enhance transparency and allow for a more precise evaluation of spending efficiency.

View Full Transparency Report →

Disclaimer

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