Project Grad Akron
Project Grad Akron shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 161639511 · Akron, OH · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.4 |
| Net Assets | $705K |
| Transparency Score | 95/100 |
Is Project Grad Akron Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Grad Akron directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Grad Akron
Project Grad Akron (EIN: 161639511) is a nonprofit organization based in Akron, OH, classified under NTEE code B82. The organization reported total revenue of $1.3M and total assets of $623K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Grad Akron's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Grad Akron is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$152K |
| Total Assets | $749K |
| Total Liabilities | $44K |
| Net Assets | $705K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Project Grad Akron reported a surplus of $152K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Grad Akron's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +32.6% | +27.7% |
| 2022 | +34.5% | +39.2% | +38.2% |
| 2021 | +54.9% | +27.4% | +24.7% |
| 2020 | +2.6% | -3.9% | +39.4% |
| 2019 | +5.0% | +13.4% | -20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Grad Akron with a Mission Score of 95 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 Grad Akron 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 $152K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
Project Grad Akron has consistently reported 0% officer compensation across all 13 available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $1.4 million in annual revenue.
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 Grad Akron's IRS 990 filings:
- Unusually low administrative and fundraising expenses for an organization of this size, which might indicate some costs are being categorized under program expenses or that the organization relies heavily on in-kind support not fully reflected in these categories.
Strengths
The following positive indicators were identified for Project Grad Akron:
- Consistent and significant revenue growth, from $274,662 in 201506 to $1,487,737 in 202306.
- Zero reported officer compensation across all 13 filings, indicating high transparency and dedication of funds to mission.
- Strong asset accumulation, with assets growing from $244,171 in 201906 to $748,959 in 202306.
- Expenses consistently below revenue in recent years, demonstrating efficient financial management.
- Low liabilities relative to assets, indicating strong financial health and solvency.
Frequently Asked Questions about Project Grad Akron
Is Project Grad Akron a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Grad Akron (EIN: 161639511) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Project Grad Akron spend its money?
Project Grad Akron directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Grad Akron tax-deductible?
Project Grad Akron is registered as a tax-exempt nonprofit (EIN: 161639511). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Project Grad Akron CEO make?
Project Grad Akron's highest-compensated officer earns $1.4 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Grad Akron's spending goes to programs?
Project Grad Akron directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Grad Akron compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Project Grad Akron is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Grad Akron located?
Project Grad Akron is headquartered in Akron, Ohio and files with the IRS under EIN 161639511. It is classified under NTEE code B82.
How many years of IRS 990 filings does Project Grad Akron have?
Project Grad Akron 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 $1.3M in total revenue.
Is Project Grad Akron a good charity?
Based on the available financial data, Project Grad Akron appears to be a very good charity. It demonstrates strong financial growth, efficient spending with expenses consistently below revenue in recent years, and exceptional transparency regarding executive compensation (reporting 0% officer compensation).
How has Project Grad Akron's revenue grown over time?
Project Grad Akron has shown remarkable revenue growth, increasing from $274,662 in 201506 to $1,487,737 in 202306, representing an increase of over 440% in less than a decade.
What is Project Grad Akron's asset-to-liability ratio?
In the latest filing (202306), Project Grad Akron had assets of $748,959 and liabilities of $44,373, resulting in a strong asset-to-liability ratio of approximately 16.88:1, indicating excellent financial stability.
Does Project Grad Akron pay its executives?
According to all 13 IRS 990 filings provided, Project Grad Akron has consistently reported 0% officer compensation, meaning no salaries are paid to its executives or officers.
Filing History
IRS 990 filing history for Project Grad Akron showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Grad Akron's revenue has grown by 176.5%, moving from $538K to $1.5M. Total assets decreased by 8.7% over the same period, from $820K to $749K. Total functional expenses rose by 101.2%, from $664K to $1.3M. In its most recent filing year (2023), Project Grad Akron reported a surplus of $152K, with revenue exceeding expenses. The organization holds $44K in liabilities against $749K in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $705K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $749K | $44K | — | — |
| 2022 | $1.2M | $1.0M | $586K | $36K | — | View 990 |
| 2021 | $880K | $723K | $424K | $46K | — | — |
| 2020 | $568K | $568K | $340K | $124K | — | View 990 |
| 2019 | $554K | $591K | $244K | $28K | — | View 990 |
| 2018 | $527K | $521K | $305K | $19K | — | View 990 |
| 2017 | $440K | $447K | $338K | $18K | — | View 990 |
| 2016 | $362K | $561K | $276K | $26K | — | View 990 |
| 2015 | $275K | $483K | $372K | $35K | — | View 990 |
| 2014 | $363K | $513K | $487K | $26K | — | View 990 |
| 2013 | $374K | $497K | $583K | $15K | — | View 990 |
| 2012 | $479K | $599K | $693K | $26K | — | View 990 |
| 2011 | $538K | $664K | $820K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $749K (revenue +25.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $586K (revenue +34.5% year-over-year).
- 2021: Revenue of $880K, expenses of $723K, and assets of $424K (revenue +54.9% year-over-year).
- 2020: Revenue of $568K, expenses of $568K, and assets of $340K (revenue +2.6% year-over-year).
- 2019: Revenue of $554K, expenses of $591K, and assets of $244K (revenue +5.0% year-over-year).
- 2018: Revenue of $527K, expenses of $521K, and assets of $305K (revenue +19.9% year-over-year).
- 2017: Revenue of $440K, expenses of $447K, and assets of $338K (revenue +21.5% year-over-year).
- 2016: Revenue of $362K, expenses of $561K, and assets of $276K (revenue +31.8% year-over-year).
- 2015: Revenue of $275K, expenses of $483K, and assets of $372K (revenue -24.4% year-over-year).
- 2014: Revenue of $363K, expenses of $513K, and assets of $487K (revenue -2.8% year-over-year).
- 2013: Revenue of $374K, expenses of $497K, and assets of $583K (revenue -21.9% year-over-year).
- 2012: Revenue of $479K, expenses of $599K, and assets of $693K (revenue -11.0% year-over-year).
- 2011: Revenue of $538K, expenses of $664K, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Grad Akron:
Data Sources and Methodology
This transparency report for Project Grad Akron 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.