Project Feed
Project Feed maintains stable operations and healthy assets with no reported officer compensation.
EIN: 10345862 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $43K |
| Program Spending | 80% |
| Net Assets | $113K |
| Transparency Score | 75/100 |
Is Project Feed Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Feed directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Feed
Project Feed (EIN: 10345862) is a nonprofit organization based in Portland, ME. 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 Feed's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Feed is a micro nonprofit that has been operating for 48 years, with 7 years of IRS 990 filings on record (2012–2018). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $43K |
| Surplus / Deficit | +$25 |
| Total Assets | $113K |
| Net Assets | $113K |
| Operating Margin | 0.1% |
| Months of Reserves | 31.2 months |
Financial Health Grade: A
In 2018, Project Feed reported a surplus of $25 with revenue exceeding expenses, holds 31.2 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2012–2018), Project Feed's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -35.1% | -6.2% | +0.0% |
| 2017 | +25.2% | -15.7% | +22.4% |
| 2016 | -31.6% | -7.0% | -1.6% |
| 2015 | +20.9% | +5.3% | +45.0% |
| 2014 | +16.5% | -20.7% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Feed with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Project Feed allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting a volunteer-led structure or that compensation is below IRS reporting thresholds, which is positive for minimizing administrative overhead for an organization of this size.
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 Feed's IRS 990 filings:
- Lack of detailed expense breakdown in summary data
- NTEE code unknown, limiting understanding of mission focus
Strengths
The following positive indicators were identified for Project Feed:
- Consistent positive net assets, indicating financial stability
- No reported officer compensation, suggesting low administrative overhead
- Minimal to no liabilities reported in recent years
- Healthy asset base, growing to $112,820 in 2018
Frequently Asked Questions about Project Feed
Is Project Feed a legitimate charity?
Project Feed (EIN: 10345862) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Project Feed spend its money?
Project Feed directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Feed tax-deductible?
Project Feed is registered as a tax-exempt nonprofit (EIN: 10345862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Feed's spending goes to programs?
Project Feed directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Project Feed located?
Project Feed is headquartered in Portland, Maine and files with the IRS under EIN 10345862.
How many years of IRS 990 filings does Project Feed have?
Project Feed has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Project Feed a good charity?
Based on the provided data, Project Feed appears to be a financially stable organization with a healthy asset base and no reported officer compensation, which are positive indicators. However, without detailed expense breakdowns and program information, a full assessment of its programmatic impact and efficiency is limited.
How does Project Feed manage its finances?
Project Feed has consistently managed to keep expenses close to or below revenue in most years, maintaining a positive net asset position. For example, in 2018, revenue was $43,400 against expenses of $43,375, and assets stood at $112,820 with no liabilities. This indicates prudent financial management.
What is Project Feed's program efficiency?
While specific program spending percentages are not provided in the summary data, the consistent operational activity and the absence of reported officer compensation suggest that a significant portion of funds likely goes towards their mission. A more precise efficiency score would require detailed expense breakdowns from their full 990 filings.
Filing History
IRS 990 filing history for Project Feed showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2018), Project Feed's revenue has declined by 37.7%, moving from $70K to $43K. Total assets increased by 19.4% over the same period, from $95K to $113K. Total functional expenses fell by 20.1%, from $54K to $43K. In its most recent filing year (2018), Project Feed reported a surplus of $25, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $43K | $43K | $113K | $0 | — | View 990 |
| 2017 | $67K | $46K | $113K | $0 | — | — |
| 2016 | $53K | $55K | $92K | $0 | — | View 990 |
| 2015 | $78K | $59K | $94K | $0 | — | View 990 |
| 2014 | $65K | $56K | $65K | $56K | — | — |
| 2013 | $55K | $71K | $78K | $4K | — | View 990 |
| 2012 | $70K | $54K | $95K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $43K, expenses of $43K, and assets of $113K (revenue -35.1% year-over-year).
- 2017: Revenue of $67K, expenses of $46K, and assets of $113K (revenue +25.2% year-over-year).
- 2016: Revenue of $53K, expenses of $55K, and assets of $92K (revenue -31.6% year-over-year).
- 2015: Revenue of $78K, expenses of $59K, and assets of $94K (revenue +20.9% year-over-year).
- 2014: Revenue of $65K, expenses of $56K, and assets of $65K (revenue +16.5% year-over-year).
- 2013: Revenue of $55K, expenses of $71K, and assets of $78K (revenue -20.5% year-over-year).
- 2012: Revenue of $70K, expenses of $54K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Feed:
Data Sources and Methodology
This transparency report for Project Feed 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.