Project Most Inc

Project Most Inc shows strong asset growth and zero reported officer compensation, with a notable revenue spike in 2022.

EIN: 202596491 · East Hampton, NY · NTEE: B90 · Updated: 2026-03-28

$2.9MRevenue

$6.6MAssets

90/100Mission Score (Excellent)

B90

About Project Most Inc

Project Most Inc (EIN: 202596491) is a nonprofit organization based in East Hampton, NY, classified under NTEE code B90. The organization reported total revenue of $2.9M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Most Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Project Most Inc demonstrates a generally strong financial position, particularly in recent years. The organization experienced a significant surge in revenue in 2022, reaching $22,909,470, which led to a substantial increase in assets to $23,318,222. While revenue decreased to $2,316,641 in 2023, the asset base remained robust at $23,249,532, indicating effective asset management and potentially significant capital investments or endowments. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area and potentially a volunteer-led executive structure, which enhances transparency and donor confidence. The organization's spending efficiency appears healthy, with expenses generally well below revenue in most periods, allowing for asset growth. For example, in 2023, expenses were $1,935,815 against revenues of $2,316,641, demonstrating a surplus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Project Most 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Project Most 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly favorable for a nonprofit of its size, suggesting a volunteer-driven leadership or that compensation falls below reporting thresholds, enhancing financial efficiency.

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 Most Inc's IRS 990 filings:

Significant year-over-year revenue volatility (e.g., $22.9M in 2022 down to $2.3M in 2023) could indicate reliance on large, infrequent donations or grants, which may pose sustainability challenges if not managed with a diversified funding strategy.

Strengths

The following positive indicators were identified for Project Most Inc:

Strong asset growth, with assets increasing from $1,289,934 in 2021 to $23,249,532 in 2023, indicating robust financial health and capacity.
Consistent 0% officer compensation reported across all filings, demonstrating exceptional efficiency in executive overhead.
Generally positive net income (revenue exceeding expenses) in most years, contributing to financial stability and growth.
Low liabilities relative to assets, indicating a healthy balance sheet and minimal financial risk.

Frequently Asked Questions about Project Most Inc

What caused the significant revenue spike in 2022 and how was this managed?

In 2022, Project Most Inc reported an extraordinary revenue of $22,909,470, a substantial increase from $1,149,720 in 2021. This surge led to a significant increase in assets from $1,289,934 to $23,318,222. Understanding the source of this revenue (e.g., a major grant, capital campaign, or one-time donation) and how these funds were allocated or invested would provide deeper insight into the organization's strategic financial management.

How does Project Most Inc sustain its operations with 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization with revenues exceeding $1 million annually. This suggests either a fully volunteer-led executive team, or that compensation for key leadership roles is structured in a way that it does not fall under the 'officer compensation' reporting category, or is below the IRS reporting threshold for individual officers. Further clarification would be beneficial for understanding operational sustainability.

What is the long-term plan for the substantial assets accumulated?

With assets growing from $1,289,934 in 2021 to $23,249,532 in 2023, Project Most Inc has accumulated significant financial resources. Understanding the organization's strategy for utilizing these assets – whether for program expansion, endowment building, or future capital projects – is crucial for assessing long-term impact and financial planning.

Filing History

IRS 990 filing history for Project Most Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Project Most Inc's revenue has grown by 181.1%, moving from $824K to $2.3M. Total assets increased by 2888.3% over the same period, from $778K to $23.2M. Total functional expenses rose by 196.5%, from $653K to $1.9M. In its most recent filing year (2023), Project Most Inc reported a surplus of $381K, with revenue exceeding expenses. The organization holds $195K in liabilities against $23.2M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $23.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.3M	$1.9M	$23.2M	$195K	—	View 990
2022	$22.9M	$1.4M	$23.3M	$658K	—	View 990
2021	$1.1M	$972K	$1.3M	$51K	—	View 990
2020	$785K	$1.0M	$1.2M	$155K	—	View 990
2019	$1.1M	$1.1M	$1.3M	$25K	—	View 990
2018	$1.1M	$990K	$1.3M	$25K	—	View 990
2017	$1.2M	$1.0M	$1.1M	$29K	—	View 990
2016	$1.0M	$1.0M	$1.0M	$23K	—	View 990
2015	$981K	$914K	$1.0M	$29K	—	View 990
2014	$1.0M	$902K	$964K	$28K	—	View 990
2013	$878K	$786K	$817K	$16K	—	View 990
2012	$824K	$653K	$778K	$19K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.3M, expenses of $1.9M, and assets of $23.2M (revenue -89.9% year-over-year).
2022: Revenue of $22.9M, expenses of $1.4M, and assets of $23.3M (revenue +1892.6% year-over-year).
2021: Revenue of $1.1M, expenses of $972K, and assets of $1.3M (revenue +46.5% year-over-year).
2020: Revenue of $785K, expenses of $1.0M, and assets of $1.2M (revenue -30.5% year-over-year).
2019: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue +2.5% year-over-year).
2018: Revenue of $1.1M, expenses of $990K, and assets of $1.3M (revenue -5.3% year-over-year).
2017: Revenue of $1.2M, expenses of $1.0M, and assets of $1.1M (revenue +12.7% year-over-year).
2016: Revenue of $1.0M, expenses of $1.0M, and assets of $1.0M (revenue +5.3% year-over-year).
2015: Revenue of $981K, expenses of $914K, and assets of $1.0M (revenue -5.1% year-over-year).
2014: Revenue of $1.0M, expenses of $902K, and assets of $964K (revenue +17.6% year-over-year).
2013: Revenue of $878K, expenses of $786K, and assets of $817K (revenue +6.5% year-over-year).
2012: Revenue of $824K, expenses of $653K, and assets of $778K.

Data Sources and Methodology

This transparency report for Project Most 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.