American Security Project
American Security Project faces recurring deficits and increasing liabilities despite substantial assets.
EIN: 204079553 · Washington, DC · NTEE: W052 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $819K |
| Program Spending | 70% |
| Net Assets | $284K |
| Transparency Score | 65/100 |
Is American Security Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Security Project directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About American Security Project
American Security Project (EIN: 204079553) is a nonprofit organization based in Washington, DC, classified under NTEE code W052. The organization reported total revenue of $1.7M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Security Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Security Project is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $693K |
| Total Expenses | $819K |
| Surplus / Deficit | $-125,628 |
| Total Assets | $1.3M |
| Total Liabilities | $980K |
| Net Assets | $284K |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 77.5% |
| Months of Reserves | 18.5 months |
Financial Health Grade: C
In 2023, American Security Project reported a deficit of $126K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 77.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Security Project's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | -8.3% | -13.5% |
| 2022 | -22.1% | -32.9% | +141.5% |
| 2021 | -48.9% | -38.2% | -33.8% |
| 2020 | -8.7% | +63.1% | -19.5% |
| 2019 | +243.5% | +135.4% | +240.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Security Project with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, American Security Project allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.5%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which could indicate a volunteer leadership structure or that compensation is categorized differently, warranting further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Security Project's IRS 990 filings:
- Recurring net deficits in recent years (e.g., $125,628 in 2023, $127,838 in 2022, $347,962 in 2021).
- Significant increase in liabilities, reaching $979,718 in 2023, which is high relative to assets.
- Lack of reported officer compensation, which could obscure leadership costs if not truly volunteer-led.
Strengths
The following positive indicators were identified for American Security Project:
- Consistent revenue generation over many years, with latest revenue at $1,672,597.
- Substantial asset base, with assets of $2,036,962 in the latest period and $1,263,506 in 2023.
- History of 13 IRS 990 filings, indicating consistent reporting.
Frequently Asked Questions about American Security Project
Is American Security Project a legitimate charity?
American Security Project (EIN: 204079553) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does American Security Project spend its money?
American Security Project directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to American Security Project tax-deductible?
American Security Project is registered as a tax-exempt nonprofit (EIN: 204079553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Security Project's spending goes to programs?
American Security Project directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does American Security Project compare to similar nonprofits?
With a transparency score of 65/100 (Good), American Security Project is above average for NTEE category W052 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Security Project located?
American Security Project is headquartered in Washington, Washington DC and files with the IRS under EIN 204079553. It is classified under NTEE code W052.
How many years of IRS 990 filings does American Security Project have?
American Security Project has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is American Security Project financially sustainable given recent deficits?
The organization has reported expenses exceeding revenue for the last three periods (2021-2023), with a deficit of $125,628 in 2023 and $127,838 in 2022. This trend raises concerns about long-term financial sustainability if not addressed.
Why have liabilities increased significantly in recent years?
Liabilities have surged from $28,194 in 2020 to $979,718 in 2023. This substantial increase warrants further investigation into the nature of these liabilities (e.g., loans, deferred revenue, accounts payable) and their impact on the organization's financial health.
What is the breakdown of program, administrative, and fundraising expenses?
The provided summary data does not detail the functional expense breakdown, making it difficult to precisely assess spending efficiency in terms of how much goes directly to programs versus overhead.
How does the organization plan to address the recurring deficits?
With consistent deficits in recent years, the organization would ideally have a strategy to either increase revenue or reduce expenses to achieve financial equilibrium and ensure continued operations.
Filing History
IRS 990 filing history for American Security Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Security Project's revenue has declined by 16.4%, moving from $829K to $693K. Total assets increased by 887.7% over the same period, from $128K to $1.3M. Total functional expenses fell by 25.1%, from $1.1M to $819K. In its most recent filing year (2023), American Security Project reported a deficit of $126K, with expenses exceeding revenue. The organization holds $980K in liabilities against $1.3M in assets (debt-to-asset ratio: 77.5%), resulting in net assets of $284K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $693K | $819K | $1.3M | $980K | — | View 990 |
| 2022 | $765K | $893K | $1.5M | $1.1M | — | — |
| 2021 | $982K | $1.3M | $605K | $67K | — | View 990 |
| 2020 | $1.9M | $2.2M | $913K | $28K | — | View 990 |
| 2019 | $2.1M | $1.3M | $1.1M | $18K | — | View 990 |
| 2018 | $613K | $561K | $333K | $333 | — | View 990 |
| 2017 | $631K | $753K | $288K | $7K | — | View 990 |
| 2016 | $860K | $609K | $412K | $10K | — | View 990 |
| 2015 | $799K | $704K | $160K | $8K | — | View 990 |
| 2014 | $805K | $921K | $61K | $3K | — | View 990 |
| 2013 | $1.0M | $1.1M | $180K | $7K | — | View 990 |
| 2012 | $1.0M | $940K | $241K | $20K | — | View 990 |
| 2011 | $829K | $1.1M | $128K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $693K, expenses of $819K, and assets of $1.3M (revenue -9.4% year-over-year).
- 2022: Revenue of $765K, expenses of $893K, and assets of $1.5M (revenue -22.1% year-over-year).
- 2021: Revenue of $982K, expenses of $1.3M, and assets of $605K (revenue -48.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.2M, and assets of $913K (revenue -8.7% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.3M, and assets of $1.1M (revenue +243.5% year-over-year).
- 2018: Revenue of $613K, expenses of $561K, and assets of $333K (revenue -2.9% year-over-year).
- 2017: Revenue of $631K, expenses of $753K, and assets of $288K (revenue -26.6% year-over-year).
- 2016: Revenue of $860K, expenses of $609K, and assets of $412K (revenue +7.6% year-over-year).
- 2015: Revenue of $799K, expenses of $704K, and assets of $160K (revenue -0.8% year-over-year).
- 2014: Revenue of $805K, expenses of $921K, and assets of $61K (revenue -22.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $180K (revenue -0.5% year-over-year).
- 2012: Revenue of $1.0M, expenses of $940K, and assets of $241K (revenue +26.1% year-over-year).
- 2011: Revenue of $829K, expenses of $1.1M, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Security Project:
Data Sources and Methodology
This transparency report for American Security Project is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.