Million Dollar Teacher Project
EIN: 813050329 · Phoenix, AZ · NTEE: J40
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $425K |
| Net Assets | $488K |
Is Million Dollar Teacher Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Million Dollar Teacher Project
Million Dollar Teacher Project (EIN: 813050329) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code J40. The organization reported total revenue of $306K and total assets of $561K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Million Dollar Teacher Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Million Dollar Teacher Project is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2021–2024). Revenue has grown at a compound annual rate of 73.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $425K |
| Surplus / Deficit | $-117,481 |
| Total Assets | $570K |
| Total Liabilities | $82K |
| Net Assets | $488K |
| Operating Margin | -38.2% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 16.1 months |
Financial Health Grade: B
In 2024, Million Dollar Teacher Project reported a deficit of $117K with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 4 years of filings (2021–2024), Million Dollar Teacher Project's revenue has grown at a compound annual growth rate (CAGR) of 73.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -27.8% | +32.5% | -16.8% |
| 2023 | -38.1% | +65.9% | +37.0% |
| 2022 | +1070.5% | +132.9% | +9017.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Million Dollar Teacher 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 Million Dollar Teacher 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.4%.
Frequently Asked Questions about Million Dollar Teacher Project
Is Million Dollar Teacher Project a legitimate charity?
Million Dollar Teacher Project (EIN: 813050329) is a registered tax-exempt nonprofit based in Arizona. It has 4 years of IRS 990 filings on record. Total revenue: $306K. No red flags identified. Financial health grade: B.
How does Million Dollar Teacher Project spend its money?
Million Dollar Teacher Project reported $306K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Million Dollar Teacher Project tax-deductible?
Million Dollar Teacher Project is registered as a tax-exempt nonprofit (EIN: 813050329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Million Dollar Teacher Project located?
Million Dollar Teacher Project is headquartered in Phoenix, Arizona and files with the IRS under EIN 813050329. It is classified under NTEE code J40.
How many years of IRS 990 filings does Million Dollar Teacher Project have?
Million Dollar Teacher Project has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $306K in total revenue.
Filing History
IRS 990 filing history for Million Dollar Teacher Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2021–2024), Million Dollar Teacher Project's revenue has grown by 423.1%, moving from $59K to $308K. Total assets increased by 10292.2% over the same period, from $5K to $570K. Total functional expenses rose by 412.1%, from $83K to $425K. In its most recent filing year (2024), Million Dollar Teacher Project reported a deficit of $117K, with expenses exceeding revenue. The organization holds $82K in liabilities against $570K in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $488K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $308K | $425K | $570K | $82K | — | — |
| 2023 | $426K | $321K | $686K | $80K | — | View 990 |
| 2022 | $688K | $193K | $500K | $0 | — | View 990 |
| 2021 | $59K | $83K | $5K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $308K, expenses of $425K, and assets of $570K (revenue -27.8% year-over-year).
- 2023: Revenue of $426K, expenses of $321K, and assets of $686K (revenue -38.1% year-over-year).
- 2022: Revenue of $688K, expenses of $193K, and assets of $500K (revenue +1070.5% year-over-year).
- 2021: Revenue of $59K, expenses of $83K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Million Dollar Teacher Project:
Data Sources and Methodology
This transparency report for Million Dollar Teacher 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.