More Project
More Project's revenue declined from $3.47 million to $26,139, with assets reduced to $1, indicating a near cessation of operations.
EIN: 203770594 · Salt Lake City, UT · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $51K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1 |
| Transparency Score | 20/100 |
Is More Project Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
More Project directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About More Project
More Project (EIN: 203770594) is a nonprofit organization based in Salt Lake City, UT, classified under NTEE code T30. The organization reported total revenue of $26K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of More Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
More Project is a micro nonprofit that has been operating for 18 years, with 7 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -50.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $51K |
| Surplus / Deficit | $-24,790 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | -94.8% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2018, More Project reported a deficit of $25K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2011–2018), More Project's revenue has declined at a compound annual growth rate (CAGR) of -50.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -75.3% | -70.1% | +0.0% |
| 2016 | -78.0% | -68.3% | -100.0% |
| 2015 | -49.2% | -51.6% | -84.6% |
| 2014 | -31.7% | -15.8% | -29.5% |
| 2013 | -28.6% | -32.3% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 More Project with a Mission Score of 20 out of 100 (Poor). 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, More Project allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
Executive Compensation Analysis
More Project consistently reported $0 in officer compensation across all available filings, even during periods of multi-million dollar revenues, suggesting either an entirely volunteer-led organization or that compensation is not reported in this category.
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 More Project's IRS 990 filings:
- Dramatic decline in revenue from $3.47 million to $26,139 over seven years, indicating severe operational contraction.
- Assets reduced to $1 in the latest filing, suggesting a complete depletion of financial reserves.
- Expenses ($50,929) significantly exceeded revenue ($26,139) in the latest filing, further eroding its minimal financial base.
- Unusual consistent reporting of $0 officer compensation even during periods of multi-million dollar operations, which could indicate reliance on unpaid leadership or an alternative compensation structure.
Strengths
The following positive indicators were identified for More Project:
- Consistent reporting of $0 officer compensation, indicating a potential commitment to minimizing administrative overhead at the executive level or reliance on volunteer leadership.
Frequently Asked Questions about More Project
Is More Project a legitimate charity?
Based on AI analysis of IRS 990 filings, More Project (EIN: 203770594) significant concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
How does More Project spend its money?
More Project directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to More Project tax-deductible?
More Project is registered as a tax-exempt nonprofit (EIN: 203770594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the More Project CEO make?
More Project's highest-compensated officer earns $0 annually. The organization reported $26K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of More Project's spending goes to programs?
More Project directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does More Project compare to similar nonprofits?
With a transparency score of 20/100 (Poor), More Project is below average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is More Project located?
More Project is headquartered in Salt Lake City, Utah and files with the IRS under EIN 203770594. It is classified under NTEE code T30.
How many years of IRS 990 filings does More Project have?
More Project has 7 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 $26K in total revenue.
What caused the drastic decline in revenue and assets for More Project?
The IRS 990 filings do not provide narrative explanations for the financial decline, only the reported figures. Revenue dropped from $3,470,422 in 2011 to $26,139 in 2018, and assets from $803,611 to $1, indicating a severe reduction in operations or mission scope.
Is More Project still actively operating given its current financial state?
With 2018 revenue at $26,139 and assets at $1, it is highly unlikely that More Project is operating at any significant capacity. The financial data suggests a near cessation of activities.
How did More Project manage to operate with $0 officer compensation when it had millions in revenue?
The consistent reporting of $0 officer compensation across all filings, even during periods of high revenue, suggests that the organization may have been entirely volunteer-run at the leadership level, or that any compensation was structured in a way not reported as officer compensation on the 990 forms filed.
Filing History
IRS 990 filing history for More Project showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2018), More Project's revenue has declined by 99.2%, moving from $3.5M to $26K. Total assets decreased by 100% over the same period, from $804K to $1. Total functional expenses fell by 98.4%, from $3.3M to $51K. In its most recent filing year (2018), More Project reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $26K | $51K | $1 | $0 | — | View 990 |
| 2016 | $106K | $170K | $1 | $0 | — | View 990 |
| 2015 | $481K | $537K | $80K | $12K | — | View 990 |
| 2014 | $946K | $1.1M | $520K | $12K | — | View 990 |
| 2013 | $1.4M | $1.3M | $737K | $87K | — | View 990 |
| 2012 | $1.9M | $1.9M | $687K | $116K | — | View 990 |
| 2011 | $3.5M | $3.3M | $804K | $280K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $26K, expenses of $51K, and assets of $1 (revenue -75.3% year-over-year).
- 2016: Revenue of $106K, expenses of $170K, and assets of $1 (revenue -78.0% year-over-year).
- 2015: Revenue of $481K, expenses of $537K, and assets of $80K (revenue -49.2% year-over-year).
- 2014: Revenue of $946K, expenses of $1.1M, and assets of $520K (revenue -31.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $737K (revenue -28.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $687K (revenue -44.2% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.3M, and assets of $804K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for More Project:
Data Sources and Methodology
This transparency report for More 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.