Billion Oyster Project
EIN: 272918478 · New York, NY · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $13.6M |
| Total Expenses | $6.2M |
| Net Assets | $5.0M |
Is Billion Oyster Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Billion Oyster Project
Billion Oyster Project (EIN: 272918478) is a nonprofit organization based in New York, NY, classified under NTEE code B90. The organization reported total revenue of $13.6M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Billion Oyster Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Billion Oyster Project is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $5.2M |
| Total Liabilities | $228K |
| Net Assets | $5.0M |
| Operating Margin | 25.2% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 10.0 months |
Financial Health Grade: A
In 2023, Billion Oyster Project reported a surplus of $2.1M with revenue exceeding expenses, holds 10.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Billion Oyster Project's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.2% | +25.5% | +58.5% |
| 2022 | +6.2% | +21.7% | +2.6% |
| 2021 | +8.7% | +6.2% | +20.9% |
| 2020 | +22.4% | +-0.0% | +30.2% |
| 2019 | +14.3% | +10.3% | -14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Billion Oyster Project has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Billion Oyster Project with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Frequently Asked Questions about Billion Oyster Project
Is Billion Oyster Project a legitimate charity?
Billion Oyster Project (EIN: 272918478) is a registered tax-exempt nonprofit based in New York. It has 13 years of IRS 990 filings on record. Total revenue: $13.6M. No red flags identified. Financial health grade: A.
How does Billion Oyster Project spend its money?
Billion Oyster Project reported $13.6M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Billion Oyster Project tax-deductible?
Billion Oyster Project is registered as a tax-exempt nonprofit (EIN: 272918478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Billion Oyster Project located?
Billion Oyster Project is headquartered in New York, New York and files with the IRS under EIN 272918478. It is classified under NTEE code B90.
How many years of IRS 990 filings does Billion Oyster Project have?
Billion Oyster 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 $13.6M in total revenue.
Filing History
IRS 990 filing history for Billion Oyster Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Billion Oyster Project's revenue has grown by 290.9%, moving from $2.1M to $8.3M. Total assets increased by 202.6% over the same period, from $1.7M to $5.2M. Total functional expenses rose by 1448.2%, from $402K to $6.2M. In its most recent filing year (2023), Billion Oyster Project reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $228K in liabilities against $5.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $6.2M | $5.2M | $228K | — | View 990 |
| 2022 | $5.0M | $5.0M | $3.3M | $408K | — | View 990 |
| 2021 | $4.7M | $4.1M | $3.2M | $334K | — | View 990 |
| 2020 | $4.3M | $3.8M | $2.6M | $398K | — | View 990 |
| 2019 | $3.5M | $3.8M | $2.0M | $258K | — | View 990 |
| 2018 | $3.1M | $3.5M | $2.4M | $289K | — | View 990 |
| 2017 | $4.1M | $3.5M | $2.9M | $388K | — | View 990 |
| 2016 | $3.2M | $2.4M | $2.1M | $245K | — | View 990 |
| 2015 | $2.0M | $2.0M | $1.3M | $213K | — | View 990 |
| 2014 | $1.3M | $1.3M | $1.2M | $125K | — | View 990 |
| 2013 | $1.4M | $1.3M | $1.1M | $35K | — | View 990 |
| 2012 | $1.6M | $2.2M | $1.1M | $57K | — | View 990 |
| 2011 | $2.1M | $402K | $1.7M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $6.2M, and assets of $5.2M (revenue +67.2% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.0M, and assets of $3.3M (revenue +6.2% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.1M, and assets of $3.2M (revenue +8.7% year-over-year).
- 2020: Revenue of $4.3M, expenses of $3.8M, and assets of $2.6M (revenue +22.4% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.8M, and assets of $2.0M (revenue +14.3% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.5M, and assets of $2.4M (revenue -24.7% year-over-year).
- 2017: Revenue of $4.1M, expenses of $3.5M, and assets of $2.9M (revenue +28.2% year-over-year).
- 2016: Revenue of $3.2M, expenses of $2.4M, and assets of $2.1M (revenue +62.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $1.3M (revenue +49.0% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue -4.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue -12.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $2.2M, and assets of $1.1M (revenue -26.1% year-over-year).
- 2011: Revenue of $2.1M, expenses of $402K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Billion Oyster Project:
Data Sources and Methodology
This transparency report for Billion Oyster 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.