Project Paul Inc
Project Paul Inc: Consistent Revenue, High Program Spending
EIN: 223067740 · Keansburg, NJ · NTEE: P600 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $341K |
| Total Expenses | $355K |
| Program Spending | 85% |
| Net Assets | $477K |
| Transparency Score | 75/100 |
Is Project Paul Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Paul Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Paul Inc
Project Paul Inc (EIN: 223067740) is a nonprofit organization based in Keansburg, NJ, classified under NTEE code P600. The organization reported total revenue of $341K and total assets of $428K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Paul Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Paul Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $375K |
| Total Expenses | $355K |
| Surplus / Deficit | +$20K |
| Total Assets | $489K |
| Total Liabilities | $12K |
| Net Assets | $477K |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 16.5 months |
Financial Health Grade: A
In 2023, Project Paul Inc reported a surplus of $20K with revenue exceeding expenses, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Paul Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | -6.1% | +5.6% |
| 2022 | -5.9% | +4.6% | -1.5% |
| 2021 | +50.8% | +68.1% | +7.5% |
| 2020 | -1.4% | -26.4% | +13.5% |
| 2019 | +2.7% | -4.1% | -6.5% |
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 Paul Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Project Paul 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is not reported in recent filings, making it impossible to assess specific amounts.
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 Paul Inc's IRS 990 filings:
- Lack of reported executive compensation in recent filings (e.g., 202312) makes it difficult to assess leadership costs.
Strengths
The following positive indicators were identified for Project Paul Inc:
- Consistently high percentage of expenses dedicated to programs (e.g., 85% in 202312 based on total expenses of $354,902 and program service expenses of $301,667).
- Stable revenue streams over the past several years, demonstrating financial resilience.
- Low fundraising costs, indicating efficient resource allocation for donor acquisition and retention.
Frequently Asked Questions about Project Paul Inc
Is Project Paul Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Paul Inc (EIN: 223067740) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Project Paul Inc spend its money?
Project Paul Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Paul Inc tax-deductible?
Project Paul Inc is registered as a tax-exempt nonprofit (EIN: 223067740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Paul Inc's spending goes to programs?
Project Paul Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Paul Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Project Paul Inc is above average for NTEE category P600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Paul Inc located?
Project Paul Inc is headquartered in Keansburg, New Jersey and files with the IRS under EIN 223067740. It is classified under NTEE code P600.
How many years of IRS 990 filings does Project Paul Inc have?
Project Paul Inc has 13 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 $341K in total revenue.
What does Project Paul Inc do?
Project Paul Inc is a nonprofit organization in the Human Services sector, located in Keansburg, New Jersey. It is classified under NTEE code P600.
How much revenue does Project Paul Inc have?
Project Paul Inc reported total revenue of $341,281. Based on 13 IRS 990 filings on record.
What are Project Paul Inc's total assets?
Project Paul Inc holds total assets of $427,666 as reported in IRS 990 filings.
Where is Project Paul Inc located?
Project Paul Inc is based in Keansburg, New Jersey.
What is Project Paul Inc's EIN?
Project Paul Inc's Employer Identification Number (EIN) is 223067740. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Project Paul Inc?
Project Paul Inc is classified under NTEE code P600 (Human Services).
Is Project Paul Inc a registered 501(c)(3)?
Yes, Project Paul Inc is recognized as a tax-exempt organization by the IRS. EIN: 223067740.
Does Project Paul Inc file IRS Form 990?
Yes, Project Paul Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Project Paul Inc's revenue in 2023?
In the 202312 filing period, Project Paul Inc reported total revenue of $374,613, total expenses of $354,902, and net assets of $489,409.
Is Project Paul Inc's revenue growing or declining?
Project Paul Inc's revenue is relatively stable. Revenue went from $370,820 (202212) to $374,613 (202312), a +1.0% change. Based on 13 filings on record.
What is Project Paul Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Project Paul Inc covers tax period 202312. It shows revenue of $374,613, expenses of $354,902, total assets of $489,409, and liabilities of $12,373.
How much does Project Paul Inc spend on programs vs administration?
Based on IRS 990 analysis, Project Paul Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Project Paul Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Project Paul Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Project Paul Inc?
The following concerns were identified: Lack of reported executive compensation in recent filings (e.g., 202312) makes it difficult to assess leadership costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Project Paul Inc's strengths?
Positive indicators for Project Paul Inc include: Consistently high percentage of expenses dedicated to programs (e.g., 85% in 202312 based on total expenses of $354,902 and program service expenses of $301,667).. Stable revenue streams over the past several years, demonstrating financial resilience.. Low fundraising costs, indicating efficient resource allocation for donor acquisition and retention.. These findings are derived from AI analysis of the organization's financial filings.
How does Project Paul Inc compensate executives?
Executive compensation is not reported in recent filings, making it impossible to assess specific amounts. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Project Paul Inc. manage to maintain such a high program spending ratio without reporting any executive compensation?
The filings indicate that a significant portion of the organization's work may be supported by volunteers or staff whose compensation falls below reporting thresholds, or that key leadership roles are filled by individuals who do not receive reportable compensation, allowing more funds to be directed to programs.
Filing History
IRS 990 filing history for Project Paul Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Paul Inc's revenue has declined by 35.2%, moving from $578K to $375K. Total assets decreased by 13.6% over the same period, from $566K to $489K. Total functional expenses fell by 44.6%, from $641K to $355K. In its most recent filing year (2023), Project Paul Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $12K in liabilities against $489K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $477K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $375K | $355K | $489K | $12K | — | — |
| 2022 | $371K | $378K | $463K | $6K | — | View 990 |
| 2021 | $394K | $361K | $470K | $6K | — | View 990 |
| 2020 | $261K | $215K | $438K | $6K | — | — |
| 2019 | $265K | $292K | $385K | $0 | — | View 990 |
| 2018 | $258K | $304K | $412K | $0 | — | View 990 |
| 2017 | $214K | $334K | $458K | $0 | — | View 990 |
| 2016 | $214K | $310K | $589K | $11K | — | View 990 |
| 2015 | $358K | $422K | $674K | $0 | — | View 990 |
| 2014 | $574K | $590K | $738K | $0 | — | View 990 |
| 2013 | $741K | $721K | $755K | $0 | — | View 990 |
| 2012 | $791K | $620K | $742K | $8K | — | View 990 |
| 2011 | $578K | $641K | $566K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $375K, expenses of $355K, and assets of $489K (revenue +1.0% year-over-year).
- 2022: Revenue of $371K, expenses of $378K, and assets of $463K (revenue -5.9% year-over-year).
- 2021: Revenue of $394K, expenses of $361K, and assets of $470K (revenue +50.8% year-over-year).
- 2020: Revenue of $261K, expenses of $215K, and assets of $438K (revenue -1.4% year-over-year).
- 2019: Revenue of $265K, expenses of $292K, and assets of $385K (revenue +2.7% year-over-year).
- 2018: Revenue of $258K, expenses of $304K, and assets of $412K (revenue +20.6% year-over-year).
- 2017: Revenue of $214K, expenses of $334K, and assets of $458K (revenue +0.2% year-over-year).
- 2016: Revenue of $214K, expenses of $310K, and assets of $589K (revenue -40.3% year-over-year).
- 2015: Revenue of $358K, expenses of $422K, and assets of $674K (revenue -37.5% year-over-year).
- 2014: Revenue of $574K, expenses of $590K, and assets of $738K (revenue -22.6% year-over-year).
- 2013: Revenue of $741K, expenses of $721K, and assets of $755K (revenue -6.3% year-over-year).
- 2012: Revenue of $791K, expenses of $620K, and assets of $742K (revenue +36.8% year-over-year).
- 2011: Revenue of $578K, expenses of $641K, and assets of $566K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Paul Inc:
Data Sources and Methodology
This transparency report for Project Paul 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.