Project Impact South Bend Inc
Project Impact South Bend Inc shows strong revenue growth and no executive compensation, but recent liabilities warrant attention.
EIN: 134331624 · South Bend, IN · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $131K |
| Total Expenses | $236K |
| Program Spending | 85% |
| Net Assets | $172K |
| Transparency Score | 88/100 |
Is Project Impact South Bend Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Impact South Bend Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Impact South Bend Inc
Project Impact South Bend Inc (EIN: 134331624) is a nonprofit organization based in South Bend, IN, classified under NTEE code O50. The organization reported total revenue of $131K and total assets of $275K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Impact South Bend Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Impact South Bend Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $236K |
| Surplus / Deficit | +$10K |
| Total Assets | $293K |
| Total Liabilities | $122K |
| Net Assets | $172K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 41.5% |
| Months of Reserves | 14.9 months |
Financial Health Grade: A
In 2023, Project Impact South Bend Inc reported a surplus of $10K with revenue exceeding expenses, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 41.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Project Impact South Bend Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | +44.3% | -1.7% |
| 2022 | +96.6% | +286.6% | +31.3% |
| 2021 | +280.8% | +4.8% | +375.1% |
| 2020 | -68.1% | -33.7% | -15.9% |
| 2019 | +13.0% | -22.3% | +193.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Impact South Bend Inc with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Project Impact South Bend Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is run by volunteers or that compensation falls below reporting thresholds, which is highly favorable for a nonprofit of its 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 Impact South Bend Inc's IRS 990 filings:
- Significant increase in liabilities ($121,800) from 2021 onwards, without clear explanation in provided data.
Strengths
The following positive indicators were identified for Project Impact South Bend Inc:
- Consistent revenue growth, with 2023 revenue ($246,278) significantly higher than previous years.
- Zero reported officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
- Substantial asset growth from $872 in 2015 to $293,473 in 2023, demonstrating financial stability and capacity.
- Consistent filing of IRS 990s for 14 periods, indicating strong transparency and compliance.
Frequently Asked Questions about Project Impact South Bend Inc
Is Project Impact South Bend Inc a legitimate charity?
Project Impact South Bend Inc (EIN: 134331624) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $131K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Project Impact South Bend Inc spend its money?
Project Impact South Bend Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Impact South Bend Inc tax-deductible?
Project Impact South Bend Inc is registered as a tax-exempt nonprofit (EIN: 134331624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Impact South Bend Inc's spending goes to programs?
Project Impact South Bend Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Impact South Bend Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Project Impact South Bend Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Impact South Bend Inc located?
Project Impact South Bend Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 134331624. It is classified under NTEE code O50.
How many years of IRS 990 filings does Project Impact South Bend Inc have?
Project Impact South Bend Inc has 14 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 $131K in total revenue.
What is the nature of the $121,800 in liabilities reported from 2021-2023?
The IRS 990 filings show a consistent liability of $121,800 from 2021 to 2023, which was not present in prior years. Understanding the source and purpose of these liabilities (e.g., loans, deferred revenue) is crucial for a complete financial picture.
Given the NTEE code O50, how does Project Impact South Bend Inc allocate its program spending?
As an organization categorized under Philanthropy, Voluntarism, and Grantmaking Foundations, it would be beneficial to understand if program spending primarily involves grants to other organizations, direct community initiatives, or a combination.
How does the organization plan to manage or reduce its liabilities in the future?
With liabilities representing a significant portion of its assets (e.g., $121,800 liabilities vs. $293,473 assets in 2023), a strategy for managing or reducing this debt would be important for long-term financial health.
Filing History
IRS 990 filing history for Project Impact South Bend Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Project Impact South Bend Inc's revenue has declined by 66.8%, moving from $743K to $246K. Total assets increased by 415.9% over the same period, from $57K to $293K. Total functional expenses fell by 67%, from $715K to $236K. In its most recent filing year (2023), Project Impact South Bend Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $122K in liabilities against $293K in assets (debt-to-asset ratio: 41.5%), resulting in net assets of $172K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $246K | $236K | $293K | $122K | — | — |
| 2022 | $235K | $164K | $298K | $122K | — | — |
| 2021 | $119K | $42K | $227K | $122K | — | — |
| 2020 | $31K | $40K | $48K | $0 | — | — |
| 2019 | $98K | $61K | $57K | $0 | — | View 990 |
| 2018 | $87K | $78K | $19K | $0 | — | View 990 |
| 2017 | $21K | $21K | $11K | $0 | — | View 990 |
| 2016 | $38K | $28K | $11K | $0 | — | View 990 |
| 2015 | $12K | $11K | $872 | $0 | — | View 990 |
| 2014 | $72K | $77K | $1K | $0 | — | View 990 |
| 2013 | $24K | $24K | $7K | $0 | — | View 990 |
| 2012 | $34K | $36K | $10K | $0 | — | View 990 |
| 2011 | $116K | $122K | $10K | $0 | — | View 990 |
| 2010 | $743K | $715K | $57K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246K, expenses of $236K, and assets of $293K (revenue +4.9% year-over-year).
- 2022: Revenue of $235K, expenses of $164K, and assets of $298K (revenue +96.6% year-over-year).
- 2021: Revenue of $119K, expenses of $42K, and assets of $227K (revenue +280.8% year-over-year).
- 2020: Revenue of $31K, expenses of $40K, and assets of $48K (revenue -68.1% year-over-year).
- 2019: Revenue of $98K, expenses of $61K, and assets of $57K (revenue +13.0% year-over-year).
- 2018: Revenue of $87K, expenses of $78K, and assets of $19K (revenue +312.4% year-over-year).
- 2017: Revenue of $21K, expenses of $21K, and assets of $11K (revenue -44.6% year-over-year).
- 2016: Revenue of $38K, expenses of $28K, and assets of $11K (revenue +217.9% year-over-year).
- 2015: Revenue of $12K, expenses of $11K, and assets of $872 (revenue -83.2% year-over-year).
- 2014: Revenue of $72K, expenses of $77K, and assets of $1K (revenue +194.1% year-over-year).
- 2013: Revenue of $24K, expenses of $24K, and assets of $7K (revenue -28.8% year-over-year).
- 2012: Revenue of $34K, expenses of $36K, and assets of $10K (revenue -70.5% year-over-year).
- 2011: Revenue of $116K, expenses of $122K, and assets of $10K (revenue -84.4% year-over-year).
- 2010: Revenue of $743K, expenses of $715K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Impact South Bend Inc:
Data Sources and Methodology
This transparency report for Project Impact South Bend 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.