Project Exploration
EIN: 364305660 · Chicago, IL · NTEE: A56
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.5M |
| Net Assets | $163K |
Is Project Exploration Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Exploration
Project Exploration (EIN: 364305660) is a nonprofit organization based in Chicago, IL, classified under NTEE code A56. The organization reported total revenue of $2.1M and total assets of $523K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Exploration's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Exploration is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-201,783 |
| Total Assets | $397K |
| Total Liabilities | $233K |
| Net Assets | $163K |
| Operating Margin | -15.8% |
| Debt-to-Asset Ratio | 58.8% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2023, Project Exploration reported a deficit of $202K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 58.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Exploration's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | +14.9% | +0.0% |
| 2022 | -2.5% | -15.1% | -20.1% |
| 2021 | +50.4% | +83.8% | +23.5% |
| 2020 | +30.3% | +12.0% | +63.8% |
| 2019 | +5.2% | +9.6% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Exploration has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Exploration with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $202K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.8%.
Frequently Asked Questions about Project Exploration
Is Project Exploration a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Exploration (EIN: 364305660) insufficient data. 0 red flags identified, 0 strengths noted.
How does Project Exploration spend its money?
Detailed spending breakdown data is not yet available for Project Exploration. Check back for updated IRS 990 analysis.
Are donations to Project Exploration tax-deductible?
Project Exploration is registered as a tax-exempt nonprofit (EIN: 364305660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Exploration located?
Project Exploration is headquartered in Chicago, Illinois and files with the IRS under EIN 364305660. It is classified under NTEE code A56.
How many years of IRS 990 filings does Project Exploration have?
Project Exploration has 13 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Project Exploration showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Exploration's revenue has declined by 7.8%, moving from $1.4M to $1.3M. Total assets decreased by 55% over the same period, from $881K to $397K. Total functional expenses fell by 9.7%, from $1.6M to $1.5M. In its most recent filing year (2023), Project Exploration reported a deficit of $202K, with expenses exceeding revenue. The organization holds $233K in liabilities against $397K in assets (debt-to-asset ratio: 58.8%), resulting in net assets of $163K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.5M | $397K | $233K | — | View 990 |
| 2022 | $1.4M | $1.3M | $397K | $32K | — | View 990 |
| 2021 | $1.5M | $1.5M | $497K | $268K | — | View 990 |
| 2020 | $969K | $823K | $402K | $118K | — | — |
| 2019 | $744K | $735K | $246K | $107K | — | View 990 |
| 2018 | $707K | $670K | $270K | $139K | — | View 990 |
| 2017 | $478K | $381K | $169K | $75K | — | View 990 |
| 2016 | $477K | $443K | $83K | $86K | — | View 990 |
| 2015 | $404K | $491K | $51K | $88K | — | View 990 |
| 2014 | $387K | $431K | $168K | $118K | — | View 990 |
| 2013 | $443K | $540K | $230K | $135K | — | View 990 |
| 2012 | $1.2M | $1.7M | $328K | $136K | — | View 990 |
| 2011 | $1.4M | $1.6M | $881K | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.5M, and assets of $397K (revenue -10.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $397K (revenue -2.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $497K (revenue +50.4% year-over-year).
- 2020: Revenue of $969K, expenses of $823K, and assets of $402K (revenue +30.3% year-over-year).
- 2019: Revenue of $744K, expenses of $735K, and assets of $246K (revenue +5.2% year-over-year).
- 2018: Revenue of $707K, expenses of $670K, and assets of $270K (revenue +47.9% year-over-year).
- 2017: Revenue of $478K, expenses of $381K, and assets of $169K (revenue +0.2% year-over-year).
- 2016: Revenue of $477K, expenses of $443K, and assets of $83K (revenue +18.1% year-over-year).
- 2015: Revenue of $404K, expenses of $491K, and assets of $51K (revenue +4.4% year-over-year).
- 2014: Revenue of $387K, expenses of $431K, and assets of $168K (revenue -12.6% year-over-year).
- 2013: Revenue of $443K, expenses of $540K, and assets of $230K (revenue -64.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.7M, and assets of $328K (revenue -9.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.6M, and assets of $881K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Exploration:
Data Sources and Methodology
This transparency report for Project Exploration 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.