Project Book
Project Book reports no revenue or assets in its latest filing, operating at a minimal scale.
EIN: 202482593 · Cumberland, RI · NTEE: S12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $1K |
| Program Spending | 100% |
| Net Assets | $100 |
| Transparency Score | 70/100 |
Is Project Book Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Book directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Book
Project Book (EIN: 202482593) is a nonprofit organization based in Cumberland, RI, classified under NTEE code S12. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Book's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Book is a micro nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2012–2013). Revenue has grown at a compound annual rate of -16.7%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $1K |
| Surplus / Deficit | +$0 |
| Total Assets | $100 |
| Net Assets | $100 |
| Operating Margin | 0.0% |
| Months of Reserves | 1.2 months |
Financial Health Grade: B
In 2013, Project Book reported a surplus of $0 with revenue exceeding expenses, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2012–2013), Project Book's revenue has declined at a compound annual growth rate (CAGR) of -16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -16.7% | -16.7% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Book 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Project Book allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% of expenses across all available filings, indicating that the organization's leadership is unpaid, which is appropriate for an organization of this minimal size and financial activity.
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 Book's IRS 990 filings:
- Zero revenue and assets in latest filing, potentially indicating inactivity.
Strengths
The following positive indicators were identified for Project Book:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Compliance with IRS filing requirements (990-N e-Postcard).
Frequently Asked Questions about Project Book
Is Project Book a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Book (EIN: 202482593) some concerns. Mission Score: 70/100. 1 red flag identified, 2 strengths noted.
How does Project Book spend its money?
Project Book directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Book tax-deductible?
Project Book is registered as a tax-exempt nonprofit (EIN: 202482593). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Project Book compare to similar nonprofits?
With a transparency score of 70/100 (Good), Project Book is above average for NTEE category S12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Book located?
Project Book is headquartered in Cumberland, Rhode Island and files with the IRS under EIN 202482593. It is classified under NTEE code S12.
How many years of IRS 990 filings does Project Book have?
Project Book has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Project Book still active given its latest reported $0 revenue and assets?
The latest filing shows $0 revenue and assets, which could indicate inactivity or a very low level of operation. Further investigation beyond the 990-N would be needed to confirm current operational status.
How does Project Book fund its operations if it has $0 revenue?
Based on the latest filing, it does not appear to have any funding or operations. In prior years, it operated on very small revenues of $1,000-$1,200, likely from small donations or grants.
Filing History
IRS 990 filing history for Project Book showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2012–2013), Project Book's revenue has declined by 16.7%, moving from $1K to $1K. Total assets increased by 0% over the same period, from $100 to $100. Total functional expenses fell by 16.7%, from $1K to $1K. In its most recent filing year (2013), Project Book reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $1K | $1K | $100 | $0 | — | — |
| 2012 | $1K | $1K | $100 | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Book:
Data Sources and Methodology
This transparency report for Project Book 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.