Project Genesis Inc
Project Genesis Inc consistently operates with no officer compensation, managing slight deficits in recent years.
EIN: 133718952 · Baltimore, MD · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $305K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $54K |
| Transparency Score | 85/100 |
Is Project Genesis Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Genesis Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Genesis Inc
Project Genesis Inc (EIN: 133718952) is a nonprofit organization based in Baltimore, MD, classified under NTEE code X30. The organization reported total revenue of $283K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Genesis Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Genesis Inc is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $297K |
| Total Expenses | $305K |
| Surplus / Deficit | $-7,389 |
| Total Assets | $71K |
| Total Liabilities | $17K |
| Net Assets | $54K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Project Genesis Inc reported a deficit of $7K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Project Genesis Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +4.1% | +1.1% |
| 2022 | +2.6% | +4.4% | +3.1% |
| 2021 | +25.1% | +41.6% | -21.2% |
| 2020 | +31.0% | +1.9% | +149.4% |
| 2019 | -10.9% | -2.9% | +42.6% |
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 Genesis Inc with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Project Genesis Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly efficient for an organization of its size with revenues around $300,000.
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 Genesis Inc's IRS 990 filings:
- Occasional operating deficits, such as in 202312 where expenses ($304,753) exceeded revenue ($297,364), could impact long-term financial stability if not managed.
Strengths
The following positive indicators were identified for Project Genesis Inc:
- Consistent 0% officer compensation across all filings, demonstrating exceptional financial efficiency and dedication to mission.
- Significant revenue growth over the past decade, from $100,611 in 201412 to $297,364 in 202312.
- Positive asset growth, reaching $70,967 in 202312, indicating increasing organizational capacity.
Frequently Asked Questions about Project Genesis Inc
Is Project Genesis Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Genesis Inc (EIN: 133718952) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Project Genesis Inc spend its money?
Project Genesis Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Genesis Inc tax-deductible?
Project Genesis Inc is registered as a tax-exempt nonprofit (EIN: 133718952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Project Genesis Inc CEO make?
Project Genesis Inc's highest-compensated officer earns $300,000. annually. The organization reported $283K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Genesis Inc's spending goes to programs?
Project Genesis Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Genesis Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Project Genesis Inc is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Genesis Inc located?
Project Genesis Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 133718952. It is classified under NTEE code X30.
How many years of IRS 990 filings does Project Genesis Inc have?
Project Genesis Inc has 11 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 $283K in total revenue.
Is Project Genesis Inc a good charity?
Based on the available data, Project Genesis Inc appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation, indicating a strong commitment to program spending and efficiency. While it has experienced slight deficits in some years, its asset growth and consistent operations suggest a stable, mission-focused organization.
How has Project Genesis Inc's revenue grown over time?
Project Genesis Inc has shown significant revenue growth, increasing from $100,611 in 201412 to $297,364 in 202312, nearly tripling its income over the decade.
What is the organization's approach to executive compensation?
The organization has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation across all 11 available filings, meaning all funds are directed away from executive salaries.
Does Project Genesis Inc operate with a surplus or deficit?
Project Genesis Inc has experienced periods of both surplus and slight deficit. For example, in 202312, expenses ($304,753) exceeded revenue ($297,364), resulting in a deficit. However, in 202212, revenue ($296,791) exceeded expenses ($292,782), showing a surplus.
Filing History
IRS 990 filing history for Project Genesis Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Project Genesis Inc's revenue has grown by 140.2%, moving from $124K to $297K. Total assets increased by 638.8% over the same period, from $10K to $71K. Total functional expenses rose by 140.9%, from $127K to $305K. In its most recent filing year (2023), Project Genesis Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $17K in liabilities against $71K in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $54K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $297K | $305K | $71K | $17K | — | View 990 |
| 2022 | $297K | $293K | $70K | $9K | — | View 990 |
| 2021 | $289K | $281K | $68K | $11K | — | View 990 |
| 2020 | $231K | $198K | $86K | $38K | — | View 990 |
| 2019 | $176K | $194K | $35K | $19K | — | View 990 |
| 2018 | $198K | $200K | $24K | $0 | — | View 990 |
| 2017 | $155K | $163K | $27K | $0 | — | View 990 |
| 2016 | $117K | $102K | $35K | $0 | — | View 990 |
| 2015 | $116K | $94K | $20K | $31 | — | View 990 |
| 2014 | $101K | $111K | $5K | $8K | — | View 990 |
| 2013 | $124K | $127K | $10K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $297K, expenses of $305K, and assets of $71K (revenue +0.2% year-over-year).
- 2022: Revenue of $297K, expenses of $293K, and assets of $70K (revenue +2.6% year-over-year).
- 2021: Revenue of $289K, expenses of $281K, and assets of $68K (revenue +25.1% year-over-year).
- 2020: Revenue of $231K, expenses of $198K, and assets of $86K (revenue +31.0% year-over-year).
- 2019: Revenue of $176K, expenses of $194K, and assets of $35K (revenue -10.9% year-over-year).
- 2018: Revenue of $198K, expenses of $200K, and assets of $24K (revenue +28.1% year-over-year).
- 2017: Revenue of $155K, expenses of $163K, and assets of $27K (revenue +32.1% year-over-year).
- 2016: Revenue of $117K, expenses of $102K, and assets of $35K (revenue +0.6% year-over-year).
- 2015: Revenue of $116K, expenses of $94K, and assets of $20K (revenue +15.7% year-over-year).
- 2014: Revenue of $101K, expenses of $111K, and assets of $5K (revenue -18.7% year-over-year).
- 2013: Revenue of $124K, expenses of $127K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Genesis Inc:
Data Sources and Methodology
This transparency report for Project Genesis 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.