Precious Project Inc
EIN: 471281673 · Dedham, MA · NTEE: T12
Is Precious Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Precious Project Inc
Precious Project Inc (EIN: 471281673) is a nonprofit organization based in Dedham, MA, classified under NTEE code T12. The organization reported total revenue of $1.4M and total assets of $998K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Precious Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Precious Project Inc 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 Precious Project Inc 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.
Frequently Asked Questions about Precious Project Inc
Is Precious Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Precious Project Inc (EIN: 471281673) insufficient data. 0 red flags identified, 0 strengths noted.
How does Precious Project Inc spend its money?
Detailed spending breakdown data is not yet available for Precious Project Inc. Check back for updated IRS 990 analysis.
Are donations to Precious Project Inc tax-deductible?
Precious Project Inc is registered as a tax-exempt nonprofit (EIN: 471281673). 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 Precious Project Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Precious Project Inc's revenue has grown by 525.5%, moving from $91K to $570K. Total assets increased by 834.7% over the same period, from $91K to $851K. Total functional expenses rose by 1403932.9%, from $73 to $1.0M. In its most recent filing year (2023), Precious Project Inc reported a deficit of $455K, with expenses exceeding revenue. The organization holds $14K in liabilities against $851K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $837K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $570K | $1.0M | $851K | $14K | — | — |
| 2022 | $1.1M | $863K | $1.3M | $11K | — | — |
| 2021 | $1.2M | $1.6M | $1.0M | $10K | — | View 990 |
| 2020 | $1.4M | $1.2M | $1.4M | $11K | — | View 990 |
| 2019 | $1.1M | $678K | $1.3M | $1K | — | View 990 |
| 2018 | $802K | $489K | $956K | $1K | — | View 990 |
| 2017 | $455K | $326K | $641K | $0 | — | View 990 |
| 2016 | $637K | $241K | $532K | $7K | — | View 990 |
| 2015 | $359K | $323K | $128K | $0 | — | View 990 |
| 2014 | $91K | $73 | $91K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $570K, expenses of $1.0M, and assets of $851K (revenue -48.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $863K, and assets of $1.3M (revenue -7.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.6M, and assets of $1.0M (revenue -10.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $1.4M (revenue +23.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $678K, and assets of $1.3M (revenue +37.4% year-over-year).
- 2018: Revenue of $802K, expenses of $489K, and assets of $956K (revenue +76.3% year-over-year).
- 2017: Revenue of $455K, expenses of $326K, and assets of $641K (revenue -28.6% year-over-year).
- 2016: Revenue of $637K, expenses of $241K, and assets of $532K (revenue +77.3% year-over-year).
- 2015: Revenue of $359K, expenses of $323K, and assets of $128K (revenue +294.5% year-over-year).
- 2014: Revenue of $91K, expenses of $73, and assets of $91K.
Data Sources and Methodology
This transparency report for Precious Project Inc 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.