Elizabeth River Project
EIN: 541663058 · Norfolk, VA · NTEE: C013
Is Elizabeth River Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elizabeth River Project
Elizabeth River Project (EIN: 541663058) is a nonprofit organization based in Norfolk, VA, classified under NTEE code C013. The organization reported total revenue of $3.4M and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elizabeth River Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elizabeth River Project is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-573,933 |
| Total Assets | $15.5M |
| Total Liabilities | $1.7M |
| Net Assets | $13.8M |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 10.7% |
| Months of Reserves | 51.6 months |
Financial Health Grade: B
In 2023, Elizabeth River Project reported a deficit of $574K with expenses exceeding revenue, holds 51.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elizabeth River Project's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.5% | +16.4% | +0.3% |
| 2022 | -36.5% | +30.5% | +20.8% |
| 2021 | -12.2% | -2.3% | +64.1% |
| 2020 | +310.1% | +8.9% | +419.1% |
| 2019 | -15.3% | -23.3% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elizabeth River 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 Elizabeth River 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 deficit of $574K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.7%.
Frequently Asked Questions about Elizabeth River Project
Is Elizabeth River Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Elizabeth River Project (EIN: 541663058) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elizabeth River Project spend its money?
Detailed spending breakdown data is not yet available for Elizabeth River Project. Check back for updated IRS 990 analysis.
Are donations to Elizabeth River Project tax-deductible?
Elizabeth River Project is registered as a tax-exempt nonprofit (EIN: 541663058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Elizabeth River Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elizabeth River Project's revenue has grown by 158.3%, moving from $1.2M to $3.0M. Total assets increased by 743.4% over the same period, from $1.8M to $15.5M. Total functional expenses rose by 195.7%, from $1.2M to $3.6M. In its most recent filing year (2023), Elizabeth River Project reported a deficit of $574K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $15.5M in assets (debt-to-asset ratio: 10.7%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.6M | $15.5M | $1.7M | — | — |
| 2022 | $4.8M | $3.1M | $15.5M | $1.1M | — | View 990 |
| 2021 | $7.5M | $2.4M | $12.8M | $92K | — | View 990 |
| 2020 | $8.6M | $2.4M | $7.8M | $434K | — | — |
| 2019 | $2.1M | $2.2M | $1.5M | $257K | — | View 990 |
| 2018 | $2.5M | $2.9M | $1.7M | $362K | — | View 990 |
| 2017 | $2.3M | $2.3M | $2.0M | $245K | — | View 990 |
| 2016 | $1.7M | $1.7M | $1.9M | $185K | — | View 990 |
| 2015 | $1.9M | $2.3M | $1.8M | $146K | — | View 990 |
| 2014 | $2.1M | $1.8M | $2.2M | $103K | — | View 990 |
| 2013 | $1.9M | $1.5M | $2.0M | $250K | — | View 990 |
| 2012 | $1.7M | $2.1M | $1.7M | $311K | — | View 990 |
| 2011 | $1.2M | $1.2M | $1.8M | $104K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.6M, and assets of $15.5M (revenue -36.5% year-over-year).
- 2022: Revenue of $4.8M, expenses of $3.1M, and assets of $15.5M (revenue -36.5% year-over-year).
- 2021: Revenue of $7.5M, expenses of $2.4M, and assets of $12.8M (revenue -12.2% year-over-year).
- 2020: Revenue of $8.6M, expenses of $2.4M, and assets of $7.8M (revenue +310.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.2M, and assets of $1.5M (revenue -15.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.9M, and assets of $1.7M (revenue +7.9% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $2.0M (revenue +30.8% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $1.9M (revenue -6.7% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.3M, and assets of $1.8M (revenue -11.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.8M, and assets of $2.2M (revenue +9.7% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.5M, and assets of $2.0M (revenue +12.1% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.1M, and assets of $1.7M (revenue +47.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Elizabeth River 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.