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
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $2.2M |
| Transparency Score | 88/100 |
Search Intent Cockpit
Project Apis M Form 990, Revenue, CEO Pay, and IRS Filing Signals
Project Apis M is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Project Apis M in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $1.6M and expenses of $2.5M.
Revenue and Expenses
Project Apis M reported $1.6M in revenue and $2.5M in expenses, a deficit of $882K.
Executive Compensation
Top officer compensation appears as $1.6 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
88/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.1M (85%) |
Across stored filings, Project Apis M shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 12 stored filing years |
| Peer context | Compare with Shepherds Walk Foundation Inc | Utah and Category K context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Shepherds Walk Foundation Inc →All Utah nonprofits
All Category K
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Torrey, UT nonprofitsCategory K in Utah
Human Services in Utah
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
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.
Organization Overview
Project Apis M is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-882,062 |
| Total Assets | $2.4M |
| Total Liabilities | $188K |
| Net Assets | $2.2M |
| Operating Margin | -53.8% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 11.3 months |
Financial Health Grade: B
In 2023, Project Apis M reported a deficit of $882K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Project Apis M's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.8% | +37.7% | -25.8% |
| 2022 | -39.2% | -11.0% | +3.7% |
| 2021 | +88.1% | +48.1% | +49.9% |
| 2020 | -6.5% | -16.0% | +11.5% |
| 2019 | +7.4% | -2.9% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $882K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.9%.
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?
Project Apis M (EIN: 208345956) is a registered tax-exempt nonprofit based in Utah. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Project Apis M spend its money?
Project Apis M directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
How much does the Project Apis M CEO make?
Project Apis M's highest-compensated officer earns $1.6 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Apis M's spending goes to programs?
Project Apis M directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Apis M compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Project Apis M is above average for NTEE category K05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Apis M located?
Project Apis M is headquartered in Torrey, Utah and files with the IRS under EIN 208345956. It is classified under NTEE code K05.
How many years of IRS 990 filings does Project Apis M have?
Project Apis M has 12 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 $2.5M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Apis M:
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.