Project Indiana Inc
EIN: 824934948 · Carmel, IN · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $132K |
| Net Assets | $43K |
Is Project Indiana Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Indiana Inc
Project Indiana Inc (EIN: 824934948) is a nonprofit organization based in Carmel, IN, classified under NTEE code Q30. The organization reported total revenue of $100K and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Indiana Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Indiana Inc is a micro nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $132K |
| Surplus / Deficit | $-76,994 |
| Total Assets | $43K |
| Total Liabilities | $189 |
| Net Assets | $43K |
| Operating Margin | -140.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Project Indiana Inc reported a deficit of $77K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Project Indiana Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.4% | +188.3% | -67.7% |
| 2022 | -23.6% | +147.4% | +14.2% |
| 2021 | +29.7% | +71.0% | +81.4% |
| 2020 | -67.7% | -94.2% | +162.2% |
| 2019 | +164.0% | +1120.2% | -47.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Indiana Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Indiana Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Project Indiana Inc
Is Project Indiana Inc a legitimate charity?
Project Indiana Inc (EIN: 824934948) is a registered tax-exempt nonprofit based in Indiana. It has 6 years of IRS 990 filings on record. Total revenue: $100K. No red flags identified. Financial health grade: B.
How does Project Indiana Inc spend its money?
Project Indiana Inc reported $100K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Project Indiana Inc tax-deductible?
Project Indiana Inc is registered as a tax-exempt nonprofit (EIN: 824934948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Indiana Inc located?
Project Indiana Inc is headquartered in Carmel, Indiana and files with the IRS under EIN 824934948. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Project Indiana Inc have?
Project Indiana Inc has 6 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 $100K in total revenue.
Filing History
IRS 990 filing history for Project Indiana Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Project Indiana Inc's revenue has declined by 10.9%, moving from $62K to $55K. Total assets decreased by 7.3% over the same period, from $47K to $43K. Total functional expenses rose by 761.6%, from $15K to $132K. In its most recent filing year (2023), Project Indiana Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $189 in liabilities against $43K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $55K | $132K | $43K | $189 | — | — |
| 2022 | $52K | $46K | $133K | $13K | — | View 990 |
| 2021 | $68K | $18K | $117K | $3K | — | — |
| 2020 | $53K | $11K | $64K | $475 | — | View 990 |
| 2019 | $163K | $187K | $25K | $2K | — | View 990 |
| 2018 | $62K | $15K | $47K | $199 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $55K, expenses of $132K, and assets of $43K (revenue +5.4% year-over-year).
- 2022: Revenue of $52K, expenses of $46K, and assets of $133K (revenue -23.6% year-over-year).
- 2021: Revenue of $68K, expenses of $18K, and assets of $117K (revenue +29.7% year-over-year).
- 2020: Revenue of $53K, expenses of $11K, and assets of $64K (revenue -67.7% year-over-year).
- 2019: Revenue of $163K, expenses of $187K, and assets of $25K (revenue +164.0% year-over-year).
- 2018: Revenue of $62K, expenses of $15K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Indiana Inc:
Data Sources and Methodology
This transparency report for Project Indiana 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.