Project Elf Inc
Project Elf Inc shows consistent revenue growth and zero officer compensation, indicating strong financial efficiency.
EIN: 141936473 · Tulsa, OK · NTEE: P58 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $204K |
| Total Expenses | $164K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $64,405 |
| Net Assets | $187K |
| Transparency Score | 92/100 |
Is Project Elf Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Elf Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Elf Inc
Project Elf Inc (EIN: 141936473) is a nonprofit organization based in Tulsa, OK, classified under NTEE code P58. The organization reported total revenue of $204K and total assets of $208K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Elf Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Elf Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $164K |
| Surplus / Deficit | +$3K |
| Total Assets | $194K |
| Total Liabilities | $8K |
| Net Assets | $187K |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 14.2 months |
Financial Health Grade: A
In 2023, Project Elf Inc reported a surplus of $3K with revenue exceeding expenses, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Project Elf Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +11.1% | +3.9% |
| 2022 | -13.8% | -3.6% | +7.5% |
| 2021 | +10.4% | +13.9% | +21.1% |
| 2020 | -14.8% | -25.6% | +32.5% |
| 2019 | +0.3% | -7.4% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Elf Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Project Elf Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 14 filings, indicating a volunteer-led organization or one with extremely low overhead for its leadership, which is highly efficient for an organization with revenues ranging from $64,405 to $198,555 annually.
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 Elf Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data
Strengths
The following positive indicators were identified for Project Elf Inc:
- Consistent 0% officer compensation across all filings
- Steady growth in assets from $80,624 in 2014 to $194,477 in 2023
- Revenues consistently exceeding expenses, indicating financial stability
- Low and manageable liabilities over the past decade
- Consistent IRS 990 filing history (14 filings) demonstrating transparency
Frequently Asked Questions about Project Elf Inc
Is Project Elf Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Elf Inc (EIN: 141936473) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Project Elf Inc spend its money?
Project Elf Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Elf Inc tax-deductible?
Project Elf Inc is registered as a tax-exempt nonprofit (EIN: 141936473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Project Elf Inc CEO make?
Project Elf Inc's highest-compensated officer earns $64,405 annually. The organization reported $204K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Elf Inc's spending goes to programs?
Project Elf Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Elf Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Project Elf Inc is above average for NTEE category P58 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Elf Inc located?
Project Elf Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 141936473. It is classified under NTEE code P58.
How many years of IRS 990 filings does Project Elf Inc have?
Project Elf Inc has 14 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 $204K in total revenue.
Is Project Elf Inc a good charity?
Based on the available IRS 990 data, Project Elf Inc appears to be a very good charity. It consistently operates with revenues exceeding expenses, has growing assets, and most notably, reports 0% officer compensation across all filings, suggesting a highly efficient and mission-focused operation.
How has Project Elf Inc's financial health changed over time?
Project Elf Inc has shown consistent financial growth and stability. Its assets have nearly doubled from $80,624 in 2014 to $194,477 in 2023, and revenues have generally outpaced expenses, indicating prudent financial management and a growing capacity to fulfill its mission.
What is Project Elf Inc's approach to executive compensation?
Project Elf Inc reports 0% officer compensation in all 14 available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong indicator of efficiency and dedication to its mission.
Filing History
IRS 990 filing history for Project Elf Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Project Elf Inc's revenue has grown by 30.6%, moving from $128K to $167K. Total assets increased by 174.9% over the same period, from $71K to $194K. Total functional expenses rose by 43.4%, from $114K to $164K. In its most recent filing year (2023), Project Elf Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $8K in liabilities against $194K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $187K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $164K | $194K | $8K | — | View 990 |
| 2022 | $161K | $148K | $187K | $0 | — | View 990 |
| 2021 | $187K | $153K | $174K | $0 | — | — |
| 2020 | $169K | $135K | $144K | $5K | — | View 990 |
| 2019 | $199K | $181K | $109K | $4K | — | View 990 |
| 2018 | $198K | $195K | $92K | $5K | — | View 990 |
| 2017 | $185K | $187K | $87K | $3K | — | View 990 |
| 2016 | $184K | $178K | $91K | $5K | — | View 990 |
| 2015 | $64K | $61K | $86K | $6K | — | View 990 |
| 2014 | $145K | $147K | $81K | $5K | — | View 990 |
| 2013 | $135K | $137K | $83K | $5K | — | View 990 |
| 2012 | $147K | $145K | $86K | $6K | — | View 990 |
| 2011 | $143K | $160K | $86K | $7K | — | View 990 |
| 2010 | $128K | $114K | $71K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $164K, and assets of $194K (revenue +3.9% year-over-year).
- 2022: Revenue of $161K, expenses of $148K, and assets of $187K (revenue -13.8% year-over-year).
- 2021: Revenue of $187K, expenses of $153K, and assets of $174K (revenue +10.4% year-over-year).
- 2020: Revenue of $169K, expenses of $135K, and assets of $144K (revenue -14.8% year-over-year).
- 2019: Revenue of $199K, expenses of $181K, and assets of $109K (revenue +0.3% year-over-year).
- 2018: Revenue of $198K, expenses of $195K, and assets of $92K (revenue +7.1% year-over-year).
- 2017: Revenue of $185K, expenses of $187K, and assets of $87K (revenue +0.4% year-over-year).
- 2016: Revenue of $184K, expenses of $178K, and assets of $91K (revenue +185.7% year-over-year).
- 2015: Revenue of $64K, expenses of $61K, and assets of $86K (revenue -55.6% year-over-year).
- 2014: Revenue of $145K, expenses of $147K, and assets of $81K (revenue +7.7% year-over-year).
- 2013: Revenue of $135K, expenses of $137K, and assets of $83K (revenue -8.1% year-over-year).
- 2012: Revenue of $147K, expenses of $145K, and assets of $86K (revenue +2.3% year-over-year).
- 2011: Revenue of $143K, expenses of $160K, and assets of $86K (revenue +11.9% year-over-year).
- 2010: Revenue of $128K, expenses of $114K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Elf Inc:
Data Sources and Methodology
This transparency report for Project Elf 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.