Project Kompass Incorporated
EIN: 844402345 · N Chelmsford, MA · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $598K |
| Total Expenses | $455K |
| Net Assets | $703K |
Is Project Kompass Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Kompass Incorporated
Project Kompass Incorporated (EIN: 844402345) is a nonprofit organization based in N Chelmsford, MA, classified under NTEE code L40. The organization reported total revenue of $598K and total assets of $852K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Kompass Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Kompass Incorporated is a small nonprofit that has been operating for 6 years, with 5 years of IRS 990 filings on record (2020–2024). Revenue has grown at a compound annual rate of -11.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $477K |
| Total Expenses | $455K |
| Surplus / Deficit | +$21K |
| Total Assets | $716K |
| Total Liabilities | $13K |
| Net Assets | $703K |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2024, Project Kompass Incorporated reported a surplus of $21K with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 5 years of filings (2020–2024), Project Kompass Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +32.9% | +19.2% | +4.1% |
| 2023 | +0.6% | +0.5% | -3.4% |
| 2022 | +118.2% | +105.9% | -4.4% |
| 2021 | -79.2% | +449.7% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Kompass Incorporated 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 Kompass Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Project Kompass Incorporated
Is Project Kompass Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Kompass Incorporated (EIN: 844402345) insufficient data. 0 red flags identified, 0 strengths noted.
How does Project Kompass Incorporated spend its money?
Detailed spending breakdown data is not yet available for Project Kompass Incorporated. Check back for updated IRS 990 analysis.
Are donations to Project Kompass Incorporated tax-deductible?
Project Kompass Incorporated is registered as a tax-exempt nonprofit (EIN: 844402345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Kompass Incorporated located?
Project Kompass Incorporated is headquartered in N Chelmsford, Massachusetts and files with the IRS under EIN 844402345. It is classified under NTEE code L40.
How many years of IRS 990 filings does Project Kompass Incorporated have?
Project Kompass Incorporated has 5 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 $598K in total revenue.
Filing History
IRS 990 filing history for Project Kompass Incorporated showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2020–2024), Project Kompass Incorporated's revenue has declined by 39.2%, moving from $784K to $477K. Total assets decreased by 4.5% over the same period, from $750K to $716K. Total functional expenses rose by 1255.8%, from $34K to $455K. In its most recent filing year (2024), Project Kompass Incorporated reported a surplus of $21K, with revenue exceeding expenses. The organization holds $13K in liabilities against $716K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $703K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $477K | $455K | $716K | $13K | — | — |
| 2023 | $359K | $382K | $688K | $6K | — | View 990 |
| 2022 | $356K | $380K | $712K | $7K | — | View 990 |
| 2021 | $163K | $185K | $745K | $16K | — | — |
| 2020 | $784K | $34K | $750K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $477K, expenses of $455K, and assets of $716K (revenue +32.9% year-over-year).
- 2023: Revenue of $359K, expenses of $382K, and assets of $688K (revenue +0.6% year-over-year).
- 2022: Revenue of $356K, expenses of $380K, and assets of $712K (revenue +118.2% year-over-year).
- 2021: Revenue of $163K, expenses of $185K, and assets of $745K (revenue -79.2% year-over-year).
- 2020: Revenue of $784K, expenses of $34K, and assets of $750K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Kompass Incorporated:
Data Sources and Methodology
This transparency report for Project Kompass Incorporated 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.