Project 70805 Inc
EIN: 811879932 · Baton Rouge, LA · NTEE: P01
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $87K |
| Net Assets | $21K |
Is Project 70805 Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project 70805 Inc
Project 70805 Inc (EIN: 811879932) is a nonprofit organization based in Baton Rouge, LA, classified under NTEE code P01. The organization reported total revenue of $89K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project 70805 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project 70805 Inc is a micro nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -69.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $87K |
| Surplus / Deficit | $-10,322 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -13.4% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2023, Project 70805 Inc reported a deficit of $10K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Project 70805 Inc's revenue has declined at a compound annual growth rate (CAGR) of -69.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.4% | +44.3% | — |
| 2022 | -92.4% | -92.4% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1235 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project 70805 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 Project 70805 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about Project 70805 Inc
Is Project 70805 Inc a legitimate charity?
Project 70805 Inc (EIN: 811879932) is a registered tax-exempt nonprofit based in Louisiana. It has 3 years of IRS 990 filings on record. Total revenue: $89K. No red flags identified. Financial health grade: C.
How does Project 70805 Inc spend its money?
Project 70805 Inc reported $89K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Project 70805 Inc tax-deductible?
Project 70805 Inc is registered as a tax-exempt nonprofit (EIN: 811879932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project 70805 Inc located?
Project 70805 Inc is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 811879932. It is classified under NTEE code P01.
How many years of IRS 990 filings does Project 70805 Inc have?
Project 70805 Inc has 3 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 $89K in total revenue.
Filing History
IRS 990 filing history for Project 70805 Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Project 70805 Inc's revenue has declined by 90.8%, moving from $835K to $77K. Total assets decreased by 68.5% over the same period, from $67K to $21K. Total functional expenses fell by 89.1%, from $798K to $87K. In its most recent filing year (2023), Project 70805 Inc reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $87K | $21K | $0 | — | — |
| 2022 | $63K | $60K | $0 | $0 | — | View 990 |
| 2021 | $835K | $798K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $87K, and assets of $21K (revenue +21.4% year-over-year).
- 2022: Revenue of $63K, expenses of $60K, and assets of $0 (revenue -92.4% year-over-year).
- 2021: Revenue of $835K, expenses of $798K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project 70805 Inc:
Data Sources and Methodology
This transparency report for Project 70805 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.