Project One Inc
EIN: 611314577 · Louisville, KY · NTEE: J20
| Metric | Value |
|---|---|
| Total Expenses | $44K |
| Net Assets | $3K |
Is Project One 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 One Inc
Project One Inc (EIN: 611314577) is a nonprofit organization based in Louisville, KY, classified under NTEE code J20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project One Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project One Inc is a micro nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -21.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $44K |
| Surplus / Deficit | +$3K |
| Total Assets | $47K |
| Total Liabilities | $44K |
| Net Assets | $3K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 94.4% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2020, Project One Inc reported a surplus of $3K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 94.4% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Project One Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -84.4% | -85.2% | -84.4% |
| 2019 | -24.8% | -24.5% | -24.8% |
| 2018 | -9.4% | -9.7% | -9.4% |
| 2017 | +24.4% | +24.1% | +24.4% |
| 2016 | -18.7% | -14.1% | -18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project One 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 One 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.4%.
Frequently Asked Questions about Project One Inc
Is Project One Inc a legitimate charity?
Project One Inc (EIN: 611314577) is a registered tax-exempt nonprofit based in Kentucky. It has 10 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Project One Inc spend its money?
Project One Inc reported its financials in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Project One Inc tax-deductible?
Project One Inc is registered as a tax-exempt nonprofit (EIN: 611314577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project One Inc located?
Project One Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 611314577. It is classified under NTEE code J20.
How many years of IRS 990 filings does Project One Inc have?
Project One Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Project One Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Project One Inc's revenue has declined by 88.3%, moving from $402K to $47K. Total assets increased by 1438.5% over the same period, from $3K to $47K. Total functional expenses fell by 89%, from $402K to $44K. In its most recent filing year (2020), Project One Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $44K in liabilities against $47K in assets (debt-to-asset ratio: 94.4%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $47K | $44K | $47K | $44K | — | View 990 |
| 2019 | $302K | $299K | $302K | $299K | — | View 990 |
| 2018 | $401K | $396K | $401K | $396K | — | View 990 |
| 2017 | $443K | $439K | $443K | $439K | — | View 990 |
| 2016 | $356K | $353K | $356K | $353K | — | View 990 |
| 2015 | $438K | $411K | $438K | $435K | — | View 990 |
| 2014 | $461K | $443K | $461K | $458K | — | View 990 |
| 2013 | $444K | $441K | $444K | $441K | — | View 990 |
| 2012 | $445K | $398K | $398K | $398K | — | View 990 |
| 2011 | $402K | $402K | $3K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $47K, expenses of $44K, and assets of $47K (revenue -84.4% year-over-year).
- 2019: Revenue of $302K, expenses of $299K, and assets of $302K (revenue -24.8% year-over-year).
- 2018: Revenue of $401K, expenses of $396K, and assets of $401K (revenue -9.4% year-over-year).
- 2017: Revenue of $443K, expenses of $439K, and assets of $443K (revenue +24.4% year-over-year).
- 2016: Revenue of $356K, expenses of $353K, and assets of $356K (revenue -18.7% year-over-year).
- 2015: Revenue of $438K, expenses of $411K, and assets of $438K (revenue -5.0% year-over-year).
- 2014: Revenue of $461K, expenses of $443K, and assets of $461K (revenue +3.9% year-over-year).
- 2013: Revenue of $444K, expenses of $441K, and assets of $444K (revenue -0.1% year-over-year).
- 2012: Revenue of $445K, expenses of $398K, and assets of $398K (revenue +10.5% year-over-year).
- 2011: Revenue of $402K, expenses of $402K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project One Inc:
Data Sources and Methodology
This transparency report for Project One 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.