Project Innerspace Inc
EIN: 873285334 · Boston, MA · NTEE: C01
| Metric | Value |
|---|---|
| Total Revenue | $23.1M |
| Total Expenses | $3.6M |
| Net Assets | $4.7M |
Is Project Innerspace 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 Innerspace Inc
Project Innerspace Inc (EIN: 873285334) is a nonprofit organization based in Boston, MA, classified under NTEE code C01. The organization reported total revenue of $23.1M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Innerspace Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Innerspace Inc is a large nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 437.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$4.0M |
| Total Assets | $4.9M |
| Total Liabilities | $167K |
| Net Assets | $4.7M |
| Operating Margin | 52.7% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Project Innerspace Inc reported a surplus of $4.0M with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Project Innerspace Inc's revenue has grown at a compound annual growth rate (CAGR) of 437.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +437.3% | +404.4% | +538.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Innerspace 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 Innerspace 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 surplus of $4.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Project Innerspace Inc
Is Project Innerspace Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Innerspace Inc (EIN: 873285334) insufficient data. 0 red flags identified, 0 strengths noted.
How does Project Innerspace Inc spend its money?
Detailed spending breakdown data is not yet available for Project Innerspace Inc. Check back for updated IRS 990 analysis.
Are donations to Project Innerspace Inc tax-deductible?
Project Innerspace Inc is registered as a tax-exempt nonprofit (EIN: 873285334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Innerspace Inc located?
Project Innerspace Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 873285334. It is classified under NTEE code C01.
How many years of IRS 990 filings does Project Innerspace Inc have?
Project Innerspace Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $23.1M in total revenue.
Filing History
IRS 990 filing history for Project Innerspace Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Project Innerspace Inc's revenue has grown by 437.3%, moving from $1.4M to $7.6M. Total assets increased by 538.2% over the same period, from $762K to $4.9M. Total functional expenses rose by 404.4%, from $712K to $3.6M. In its most recent filing year (2023), Project Innerspace Inc reported a surplus of $4.0M, with revenue exceeding expenses. The organization holds $167K in liabilities against $4.9M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $3.6M | $4.9M | $167K | — | — |
| 2022 | $1.4M | $712K | $762K | $62K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Innerspace Inc:
Data Sources and Methodology
This transparency report for Project Innerspace 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.