Project Opportunity Inc
Project Opportunity Inc: Strong Asset Base, Inconsistent Revenue, and High Administrative Costs
EIN: 223012835 · Bethel, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $69K |
| Program Spending | 45% |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is Project Opportunity Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Opportunity Inc directs 45% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Project Opportunity Inc
Project Opportunity Inc (EIN: 223012835) is a nonprofit organization based in Bethel, ME. The organization reported total revenue of $388K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Opportunity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Opportunity Inc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $69K |
| Surplus / Deficit | $-7,393 |
| Total Assets | $1.2M |
| Total Liabilities | $170 |
| Net Assets | $1.2M |
| Operating Margin | -12.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.1 months |
Financial Health Grade: B
In 2023, Project Opportunity Inc reported a deficit of $7K with expenses exceeding revenue, holds 201.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Project Opportunity Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.4% | +21.9% | +9.6% |
| 2022 | +55.6% | -6.4% | -18.1% |
| 2021 | +150.1% | +32.5% | +8.9% |
| 2020 | -25.5% | -23.7% | +10.6% |
| 2019 | -12.0% | +18.4% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Opportunity Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 45%
- fundraising: 15%
According to IRS 990 filings, Project Opportunity Inc allocates its expenses as follows: admin: 40%, programs: 45%, fundraising: 15%. Only 45% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Based on the provided data, Project Opportunity Inc. consistently reports 'c0%' for compensation in all available filings, suggesting no reported executive compensation.
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 Opportunity Inc's IRS 990 filings:
- Revenue has been highly inconsistent, fluctuating significantly from $59,165 in 2020 to $387,952 in 2023, making financial forecasting challenging.
- A significant portion of expenses appears to be administrative, given the 'c0%' compensation and the total expenses reported, raising questions about operational efficiency.
- The lack of reported compensation for key personnel ('c0%') across all years could indicate that compensation is covered by another entity or not accurately reported, which warrants further investigation.
Strengths
The following positive indicators were identified for Project Opportunity Inc:
- The organization maintains a strong asset base, consistently over $1 million since 2021, providing financial stability.
- Liabilities are consistently very low, indicating a healthy balance sheet and minimal debt burden.
- The organization has demonstrated resilience, with assets growing despite fluctuating revenues over the years.
Frequently Asked Questions about Project Opportunity Inc
Is Project Opportunity Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Opportunity Inc (EIN: 223012835) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Project Opportunity Inc spend its money?
Project Opportunity Inc directs 45% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Opportunity Inc tax-deductible?
Project Opportunity Inc is registered as a tax-exempt nonprofit (EIN: 223012835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Opportunity Inc's spending goes to programs?
Project Opportunity Inc directs 45% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Project Opportunity Inc located?
Project Opportunity Inc is headquartered in Bethel, Maine and files with the IRS under EIN 223012835.
How many years of IRS 990 filings does Project Opportunity Inc have?
Project Opportunity Inc has 12 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 $388K in total revenue.
What does Project Opportunity Inc do?
Project Opportunity Inc is a nonprofit organization in the Unknown sector, located in Bethel, Maine. It is classified under NTEE code Unknown.
How much revenue does Project Opportunity Inc have?
Project Opportunity Inc reported total revenue of $387,952. Based on 12 IRS 990 filings on record.
What are Project Opportunity Inc's total assets?
Project Opportunity Inc holds total assets of $1,258,554 as reported in IRS 990 filings.
Where is Project Opportunity Inc located?
Project Opportunity Inc is based in Bethel, Maine.
What is Project Opportunity Inc's EIN?
Project Opportunity Inc's Employer Identification Number (EIN) is 223012835. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Project Opportunity Inc?
Project Opportunity Inc is classified under NTEE code Unknown (Unknown).
Is Project Opportunity Inc a registered 501(c)(3)?
Project Opportunity Inc appears in IRS records (EIN: 223012835). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Project Opportunity Inc file IRS Form 990?
Yes, Project Opportunity Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Project Opportunity Inc's revenue in 2023?
In the 202312 filing period, Project Opportunity Inc reported total revenue of $61,376, total expenses of $68,769, and net assets of $1,152,586.
Is Project Opportunity Inc's revenue growing or declining?
Project Opportunity Inc's revenue is declining. Revenue went from $230,314 (202212) to $61,376 (202312), a -73.4% change. Based on 12 filings on record.
What is Project Opportunity Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Project Opportunity Inc covers tax period 202312. It shows revenue of $61,376, expenses of $68,769, total assets of $1,152,586, and liabilities of $170.
How much does Project Opportunity Inc spend on programs vs administration?
Based on IRS 990 analysis, Project Opportunity Inc allocates approximately 45% of expenses to program services, 40% to administrative costs, and 15% to fundraising. Overhead costs appear high relative to program spending.
Is Project Opportunity Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Project Opportunity Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Project Opportunity Inc?
The following concerns were identified: Revenue has been highly inconsistent, fluctuating significantly from $59,165 in 2020 to $387,952 in 2023, making financial forecasting challenging.. A significant portion of expenses appears to be administrative, given the 'c0%' compensation and the total expenses reported, raising questions about operational efficiency.. The lack of reported compensation for key personnel ('c0%') across all years could indicate that compensation is covered by another entity or not accurately reported, which warrants further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Project Opportunity Inc's strengths?
Positive indicators for Project Opportunity Inc include: The organization maintains a strong asset base, consistently over $1 million since 2021, providing financial stability.. Liabilities are consistently very low, indicating a healthy balance sheet and minimal debt burden.. The organization has demonstrated resilience, with assets growing despite fluctuating revenues over the years.. These findings are derived from AI analysis of the organization's financial filings.
How does Project Opportunity Inc compensate executives?
Based on the provided data, Project Opportunity Inc. consistently reports 'c0%' for compensation in all available filings, suggesting no reported executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation reported, how are the operational and leadership roles within Project Opportunity Inc. sustained?
The consistent reporting of 'c0%' for compensation suggests that leadership and operational roles might be filled by volunteers, or compensation is being paid by a related entity not reflected in these specific filings, or it's being reported under a different expense category not detailed here.
What factors contribute to the significant year-over-year fluctuations in revenue, such as the jump from $230,314 in 2022 to $387,952 in 2023?
The provided data does not specify revenue sources, but such large fluctuations could be due to reliance on specific grants, large one-time donations, or project-based funding that varies annually. Further investigation into their funding model would be necessary.
Filing History
IRS 990 filing history for Project Opportunity Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Project Opportunity Inc's revenue has declined by 32.5%, moving from $91K to $61K. Total assets increased by 51.1% over the same period, from $763K to $1.2M. Total functional expenses rose by 59.1%, from $43K to $69K. In its most recent filing year (2023), Project Opportunity Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $170 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $69K | $1.2M | $170 | — | — |
| 2022 | $230K | $56K | $1.1M | $164 | — | View 990 |
| 2021 | $148K | $60K | $1.3M | $0 | — | View 990 |
| 2020 | $59K | $46K | $1.2M | $0 | — | — |
| 2019 | $79K | $60K | $1.1M | $0 | — | View 990 |
| 2018 | $90K | $50K | $949K | $0 | — | View 990 |
| 2017 | $77K | $83K | $953K | $10K | — | View 990 |
| 2016 | $102K | $69K | $877K | $0 | — | View 990 |
| 2015 | $37K | $90K | $843K | $0 | — | View 990 |
| 2014 | $94K | $67K | $896K | $0 | — | View 990 |
| 2013 | $164K | $58K | $869K | $0 | — | View 990 |
| 2012 | $91K | $43K | $763K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $69K, and assets of $1.2M (revenue -73.4% year-over-year).
- 2022: Revenue of $230K, expenses of $56K, and assets of $1.1M (revenue +55.6% year-over-year).
- 2021: Revenue of $148K, expenses of $60K, and assets of $1.3M (revenue +150.1% year-over-year).
- 2020: Revenue of $59K, expenses of $46K, and assets of $1.2M (revenue -25.5% year-over-year).
- 2019: Revenue of $79K, expenses of $60K, and assets of $1.1M (revenue -12.0% year-over-year).
- 2018: Revenue of $90K, expenses of $50K, and assets of $949K (revenue +16.5% year-over-year).
- 2017: Revenue of $77K, expenses of $83K, and assets of $953K (revenue -24.2% year-over-year).
- 2016: Revenue of $102K, expenses of $69K, and assets of $877K (revenue +175.2% year-over-year).
- 2015: Revenue of $37K, expenses of $90K, and assets of $843K (revenue -60.6% year-over-year).
- 2014: Revenue of $94K, expenses of $67K, and assets of $896K (revenue -42.6% year-over-year).
- 2013: Revenue of $164K, expenses of $58K, and assets of $869K (revenue +80.6% year-over-year).
- 2012: Revenue of $91K, expenses of $43K, and assets of $763K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Opportunity Inc:
Data Sources and Methodology
This transparency report for Project Opportunity 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.