Project Hospitality Inc
Project Hospitality Inc shows consistent revenue growth and strong program spending efficiency over the last decade.
EIN: 133234441 · Staten Island, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53.1M |
| Total Expenses | $49.4M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $51 |
| Net Assets | $19.5M |
| Transparency Score | 90/100 |
Is Project Hospitality Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Hospitality Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Hospitality Inc
Project Hospitality Inc (EIN: 133234441) is a nonprofit organization based in Staten Island, NY. The organization reported total revenue of $53.1M and total assets of $39.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Hospitality Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Hospitality Inc is a major nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.1M |
| Total Expenses | $49.4M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $39.5M |
| Total Liabilities | $20.0M |
| Net Assets | $19.5M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 50.6% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2023, Project Hospitality Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 50.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Hospitality Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +9.3% | +71.3% |
| 2022 | +15.1% | +9.3% | -4.8% |
| 2021 | +5.3% | +5.1% | +4.0% |
| 2020 | +6.8% | +5.7% | +17.8% |
| 2019 | +10.5% | +7.7% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Hospitality Inc with a Mission Score of 90 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: 88%
- fundraising: 5%
According to IRS 990 filings, Project Hospitality Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all available periods, which is unusual for an organization of this size ($51 million in revenue in 2023) and suggests that executive salaries may be reported under other expense categories or that the organization relies on unpaid leadership.
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 Hospitality Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration if salaries are reported elsewhere.
- Significant increase in liabilities from $5,297,469 in 2022 to $20,024,390 in 2023, warranting further investigation into the nature of these liabilities.
Strengths
The following positive indicators were identified for Project Hospitality Inc:
- Consistent and substantial revenue growth over the past decade, indicating increasing capacity and impact.
- Strong program spending ratio, with an estimated 88% of expenses going directly to programs.
- Healthy asset growth, from $14.5 million in 2014 to $39.5 million in 2023, enhancing long-term stability.
- Positive operating margins in most years, demonstrating effective financial management.
- Long history of IRS 990 filings, indicating a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Project Hospitality Inc
Is Project Hospitality Inc a legitimate charity?
Project Hospitality Inc (EIN: 133234441) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $53.1M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Project Hospitality Inc spend its money?
Project Hospitality Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Hospitality Inc tax-deductible?
Project Hospitality Inc is registered as a tax-exempt nonprofit (EIN: 133234441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Project Hospitality Inc CEO make?
Project Hospitality Inc's highest-compensated officer earns $51 annually. The organization reported $53.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Project Hospitality Inc's spending goes to programs?
Project Hospitality Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Project Hospitality Inc located?
Project Hospitality Inc is headquartered in Staten Island, New York and files with the IRS under EIN 133234441.
How many years of IRS 990 filings does Project Hospitality Inc have?
Project Hospitality Inc 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 $53.1M in total revenue.
Is Project Hospitality Inc a good charity?
Based on its financial data, Project Hospitality Inc appears to be a good charity. It demonstrates strong financial health with consistent revenue growth and a high percentage of expenses dedicated to program services (estimated 88%).
How has Project Hospitality Inc's revenue grown over time?
Project Hospitality Inc has shown significant revenue growth, increasing from $25,560,945 in 2014 to $51,055,660 in 2023, effectively doubling its revenue in less than a decade.
What is the organization's financial stability?
The organization appears financially stable, with assets growing from $14,531,060 in 2014 to $39,546,487 in 2023. While liabilities increased to $20,024,390 in 2023, the asset base remains strong.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It could mean that executive compensation is categorized differently within the 990, or that the top leadership roles are filled by unpaid volunteers.
Filing History
IRS 990 filing history for Project Hospitality Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Hospitality Inc's revenue has grown by 160.8%, moving from $19.6M to $51.1M. Total assets increased by 304.1% over the same period, from $9.8M to $39.5M. Total functional expenses rose by 151.2%, from $19.7M to $49.4M. In its most recent filing year (2023), Project Hospitality Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $20.0M in liabilities against $39.5M in assets (debt-to-asset ratio: 50.6%), resulting in net assets of $19.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.1M | $49.4M | $39.5M | $20.0M | — | — |
| 2022 | $47.8M | $45.2M | $23.1M | $5.3M | — | View 990 |
| 2021 | $41.6M | $41.4M | $24.3M | $8.7M | — | View 990 |
| 2020 | $39.5M | $39.4M | $23.3M | $8.1M | — | View 990 |
| 2019 | $37.0M | $37.2M | $19.8M | $4.8M | — | View 990 |
| 2018 | $33.4M | $34.6M | $17.9M | $2.6M | — | View 990 |
| 2017 | $31.8M | $31.0M | $20.1M | $3.7M | — | View 990 |
| 2016 | $32.2M | $30.5M | $20.1M | $4.6M | — | View 990 |
| 2015 | $26.2M | $24.9M | $16.6M | $2.7M | — | View 990 |
| 2014 | $25.6M | $24.5M | $14.5M | $1.8M | — | View 990 |
| 2013 | $27.7M | $24.4M | $14.1M | $2.5M | — | View 990 |
| 2012 | $19.4M | $18.9M | $9.8M | $1.5M | — | View 990 |
| 2011 | $19.6M | $19.7M | $9.8M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.1M, expenses of $49.4M, and assets of $39.5M (revenue +6.7% year-over-year).
- 2022: Revenue of $47.8M, expenses of $45.2M, and assets of $23.1M (revenue +15.1% year-over-year).
- 2021: Revenue of $41.6M, expenses of $41.4M, and assets of $24.3M (revenue +5.3% year-over-year).
- 2020: Revenue of $39.5M, expenses of $39.4M, and assets of $23.3M (revenue +6.8% year-over-year).
- 2019: Revenue of $37.0M, expenses of $37.2M, and assets of $19.8M (revenue +10.5% year-over-year).
- 2018: Revenue of $33.4M, expenses of $34.6M, and assets of $17.9M (revenue +5.1% year-over-year).
- 2017: Revenue of $31.8M, expenses of $31.0M, and assets of $20.1M (revenue -1.2% year-over-year).
- 2016: Revenue of $32.2M, expenses of $30.5M, and assets of $20.1M (revenue +23.1% year-over-year).
- 2015: Revenue of $26.2M, expenses of $24.9M, and assets of $16.6M (revenue +2.3% year-over-year).
- 2014: Revenue of $25.6M, expenses of $24.5M, and assets of $14.5M (revenue -7.8% year-over-year).
- 2013: Revenue of $27.7M, expenses of $24.4M, and assets of $14.1M (revenue +43.0% year-over-year).
- 2012: Revenue of $19.4M, expenses of $18.9M, and assets of $9.8M (revenue -0.9% year-over-year).
- 2011: Revenue of $19.6M, expenses of $19.7M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Hospitality Inc:
Data Sources and Methodology
This transparency report for Project Hospitality 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.