Project Als Inc

Project Als Inc frequently operates at a deficit, with liabilities often exceeding assets, despite consistent multi-million dollar revenues.

EIN: 134019464 · Huntingtown, MD · NTEE: G50 · Updated: 2026-03-28

$4.0MRevenue

$1.7MAssets

70/100Mission Score (Good)

G50

About Project Als Inc

Project Als Inc (EIN: 134019464) is a nonprofit organization based in Huntingtown, MD, classified under NTEE code G50. The organization reported total revenue of $4.0M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Als Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Project Als Inc demonstrates a fluctuating financial performance over the past decade. While the organization has consistently generated multi-million dollar revenues, expenses have frequently exceeded revenue, as seen in 202307 where expenses were $4,483,713 against revenues of $3,776,913, leading to a deficit. This trend of operating at a deficit in several years (e.g., 2023, 2021, 2019, 2018, 2017, 2016, 2015, 2014) suggests potential challenges in maintaining long-term financial stability without drawing down reserves or increasing liabilities. The organization's assets have also shown variability, decreasing from a high of $4,278,481 in 201707 to $1,661,605 in 202307, while liabilities have generally remained significant, often exceeding assets in recent years (e.g., $2,290,954 liabilities vs. $1,661,605 assets in 202307). This indicates a reliance on debt or short-term obligations to fund operations. 

The consistent reporting of 0% officer compensation across all available filings is a notable aspect of their transparency and could indicate a volunteer-led executive structure or that compensation is not reported under 'officer compensation' in a way that is visible in this summary. This practice, if accurate, could contribute to a higher proportion of funds being directed towards programs. However, the overall financial health is impacted by the recurring deficits and the increasing liabilities relative to assets, which warrants closer examination of their operational efficiency and fundraising strategies to ensure sustainability. The NTEE code G50 suggests a focus on medical research, which often entails significant program costs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Project Als Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Project Als Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation is categorized differently, which is a positive indicator for directing funds to the mission if accurate.

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 Project Als Inc's IRS 990 filings:

Frequent operational deficits (e.g., 202307, 202107, 201907)
Liabilities often exceed assets in recent years (e.g., 202307: $2.29M liabilities vs $1.66M assets)
Significant decrease in assets over time (from $4.27M in 201707 to $1.66M in 202307)

Strengths

The following positive indicators were identified for Project Als Inc:

Consistent multi-million dollar revenue generation
Reported 0% officer compensation across all filings, potentially maximizing program spending
Long history of IRS 990 filings (13 filings), indicating transparency in reporting

Frequently Asked Questions about Project Als Inc

Why does Project Als Inc frequently operate at a deficit?

The filings show that in multiple periods, such as 202307, 202107, and 201907, expenses exceeded revenue, indicating a recurring operational deficit.

What is the reason for the significant increase in liabilities relative to assets in recent years?

In 202307, liabilities were $2,290,954 while assets were $1,661,605, a trend where liabilities surpass assets has been observed in several recent periods, suggesting increased reliance on debt or short-term obligations.

How does Project Als Inc sustain operations given the recurring deficits?

The organization likely draws upon prior reserves, incurs debt, or relies on future fundraising to cover the gaps between expenses and revenue, as evidenced by the fluctuating asset base and increasing liabilities.

Is the 0% officer compensation accurate, and if so, how are executive functions managed?

The filings consistently report 0% officer compensation. This could imply a volunteer executive structure or that compensation is reported under other expense categories, which would require further investigation of detailed financial statements.

Filing History

IRS 990 filing history for Project Als Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Project Als Inc's revenue has declined by 22.8%, moving from $4.9M to $3.8M. Total assets decreased by 39.2% over the same period, from $2.7M to $1.7M. Total functional expenses fell by 11.9%, from $5.1M to $4.5M. In its most recent filing year (2023), Project Als Inc reported a deficit of $707K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $1.7M in assets (debt-to-asset ratio: 137.9%), resulting in net assets of $-629,349.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.8M	$4.5M	$1.7M	$2.3M	—	—
2022	$3.6M	$3.5M	$1.2M	$1.6M	—	View 990
2021	$2.6M	$3.2M	$1.6M	$2.1M	—	—
2020	$4.3M	$3.8M	$2.6M	$2.6M	—	View 990
2019	$3.8M	$4.6M	$2.0M	$2.5M	—	View 990
2018	$4.1M	$4.2M	$3.9M	$3.6M	—	View 990
2017	$5.5M	$5.3M	$4.3M	$4.0M	—	—
2016	$2.4M	$2.5M	$2.5M	$2.4M	—	View 990
2015	$3.0M	$3.0M	$3.2M	$2.9M	—	View 990
2014	$1.9M	$2.0M	$2.3M	$1.9M	—	View 990
2013	$2.0M	$2.5M	$2.6M	$2.1M	—	View 990
2012	$5.2M	$4.9M	$3.1M	$2.1M	—	View 990
2011	$4.9M	$5.1M	$2.7M	$2.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.8M, expenses of $4.5M, and assets of $1.7M (revenue +5.0% year-over-year).
2022: Revenue of $3.6M, expenses of $3.5M, and assets of $1.2M (revenue +37.7% year-over-year).
2021: Revenue of $2.6M, expenses of $3.2M, and assets of $1.6M (revenue -39.4% year-over-year).
2020: Revenue of $4.3M, expenses of $3.8M, and assets of $2.6M (revenue +12.2% year-over-year).
2019: Revenue of $3.8M, expenses of $4.6M, and assets of $2.0M (revenue -6.5% year-over-year).
2018: Revenue of $4.1M, expenses of $4.2M, and assets of $3.9M (revenue -25.5% year-over-year).
2017: Revenue of $5.5M, expenses of $5.3M, and assets of $4.3M (revenue +133.4% year-over-year).
2016: Revenue of $2.4M, expenses of $2.5M, and assets of $2.5M (revenue -20.0% year-over-year).
2015: Revenue of $3.0M, expenses of $3.0M, and assets of $3.2M (revenue +53.3% year-over-year).
2014: Revenue of $1.9M, expenses of $2.0M, and assets of $2.3M (revenue -4.7% year-over-year).
2013: Revenue of $2.0M, expenses of $2.5M, and assets of $2.6M (revenue -61.4% year-over-year).
2012: Revenue of $5.2M, expenses of $4.9M, and assets of $3.1M (revenue +7.2% year-over-year).
2011: Revenue of $4.9M, expenses of $5.1M, and assets of $2.7M.

Data Sources and Methodology

This transparency report for Project Als 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.