Project Apis M
Project Apis M experiences a significant deficit in its latest fiscal year, despite a history of strong program spending and no officer compensation.
EIN: 208345956 · Torrey, UT · NTEE: K05 · Updated: 2026-03-28
Is Project Apis M Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Apis M directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Apis M
Project Apis M (EIN: 208345956) is a nonprofit organization based in Torrey, UT, classified under NTEE code K05. The organization reported total revenue of $2.5M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Apis M's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Apis M with a Mission Score of 88 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Project Apis M allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a highly positive sign for a nonprofit of its size, with revenues fluctuating between $1.6 million and $3.2 million in recent years.
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 Apis M's IRS 990 filings:
- Significant deficit in the latest fiscal year (202306), with expenses exceeding revenue by over $900,000.
- Decline in total assets from $3,189,552 in 202206 to $2,368,143 in 202306.
Strengths
The following positive indicators were identified for Project Apis M:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and mission focus.
- Historically strong revenue generation, with several years exceeding $1.7 million and peaking at over $3.2 million in 202106.
- Maintains a healthy asset base of over $2 million, providing financial resilience despite recent deficit.
- Clear programmatic focus implied by NTEE code K05 and organization name.
Frequently Asked Questions about Project Apis M
Is Project Apis M a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Apis M (EIN: 208345956) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Project Apis M spend its money?
Project Apis M directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Apis M tax-deductible?
Project Apis M is registered as a tax-exempt nonprofit (EIN: 208345956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Project Apis M financially stable given the recent deficit?
While the 202306 filing shows expenses exceeding revenue by nearly $900,000, the organization still maintains over $2.3 million in assets, providing a buffer. However, sustained deficits would impact long-term stability.
How does Project Apis M fund its operations without officer compensation?
The organization's consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the organization operates with a very lean administrative structure.
What caused the significant drop in assets from 202206 to 202306?
The drop in assets from $3,189,552 to $2,368,143 is primarily due to expenses ($2,522,637) significantly exceeding revenue ($1,640,575) in the 202306 period, indicating a year where spending outpaced income.
Filing History
IRS 990 filing history for Project Apis M showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Project Apis M's revenue has grown by 708.4%, moving from $203K to $1.6M. Total assets increased by 1137.2% over the same period, from $191K to $2.4M. Total functional expenses rose by 1332.6%, from $176K to $2.5M. In its most recent filing year (2023), Project Apis M reported a deficit of $882K, with expenses exceeding revenue. The organization holds $188K in liabilities against $2.4M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.5M | $2.4M | $188K | — | View 990 |
| 2022 | $2.0M | $1.8M | $3.2M | $124K | — | View 990 |
| 2021 | $3.2M | $2.1M | $3.1M | $152K | — | View 990 |
| 2020 | $1.7M | $1.4M | $2.1M | $314K | — | — |
| 2019 | $1.8M | $1.7M | $1.8M | $439K | — | View 990 |
| 2018 | $1.7M | $1.7M | $1.7M | $46K | — | View 990 |
| 2016 | $1.6M | $1.5M | $1.3M | $1.1M | — | View 990 |
| 2015 | $1.3M | $1.5M | $888K | $804K | — | View 990 |
| 2014 | $1.2M | $1.1M | $426K | $186K | — | View 990 |
| 2013 | $482K | $457K | $410K | $273K | — | View 990 |
| 2012 | $247K | $292K | $200K | $88K | — | View 990 |
| 2011 | $203K | $176K | $191K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.5M, and assets of $2.4M (revenue -16.8% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $3.2M (revenue -39.2% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.1M, and assets of $3.1M (revenue +88.1% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.4M, and assets of $2.1M (revenue -6.5% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $1.8M (revenue +7.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $1.7M (revenue +10.0% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $1.3M (revenue +19.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.5M, and assets of $888K (revenue +12.1% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $426K (revenue +142.4% year-over-year).
- 2013: Revenue of $482K, expenses of $457K, and assets of $410K (revenue +95.3% year-over-year).
- 2012: Revenue of $247K, expenses of $292K, and assets of $200K (revenue +21.6% year-over-year).
- 2011: Revenue of $203K, expenses of $176K, and assets of $191K.
Data Sources and Methodology
This transparency report for Project Apis M 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.