Project Perry

Project Perry maintains strong asset reserves and zero officer compensation, indicating financial prudence.

EIN: 200755481 · Louisa, VA · NTEE: D20 · Updated: 2026-03-28

$2.0MRevenue

$2.7MAssets

88/100Mission Score (Excellent)

D20

About Project Perry

Project Perry (EIN: 200755481) is a nonprofit organization based in Louisa, VA, classified under NTEE code D20. The organization reported total revenue of $2.0M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Perry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Project Perry demonstrates consistent financial stability with a healthy asset base relative to its annual expenses. For instance, in 2023, with expenses of $319,759, the organization held $962,618 in assets, indicating strong reserves. The organization has consistently reported zero liabilities across most of its filing history, suggesting a very low debt burden and sound financial management. While revenue has fluctuated, the organization has generally maintained a positive net asset position, growing its assets from $213,503 in 2014 to $962,618 in 2023. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean executive structure, which can contribute to lower administrative costs and higher program efficiency. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, a precise assessment of spending efficiency is limited. The consistent growth in assets and minimal liabilities point to a well-managed and financially prudent organization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Project Perry with a Mission Score of 88 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 Perry 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

Project Perry consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which significantly reduces administrative overhead.

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 Perry's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits full spending efficiency analysis.

Strengths

The following positive indicators were identified for Project Perry:

Consistent growth in assets, from $213,503 in 2014 to $962,618 in 2023.
Consistently reports zero liabilities across most filing periods, indicating strong financial health and low debt.
0% officer compensation reported across all filings, suggesting efficient use of funds and volunteer leadership.
Maintains significant asset reserves relative to annual expenses (e.g., $962,618 assets vs. $319,759 expenses in 2023).

Frequently Asked Questions about Project Perry

Is Project Perry a good charity?

Based on the available financial data, Project Perry appears to be a financially sound organization. It maintains strong asset reserves, consistently reports zero liabilities, and has no reported officer compensation, suggesting a high degree of financial prudence and a focus on mission-related spending. However, a detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of its spending efficiency.

How has Project Perry's financial health changed over time?

Project Perry has shown consistent financial growth and stability. Its assets have grown significantly from $213,503 in 2014 to $962,618 in 2023. While revenue and expenses fluctuate year-to-year, the organization has generally maintained a positive net asset position and has consistently reported zero liabilities, indicating robust financial management.

What is Project Perry's approach to executive compensation?

Project Perry reports 0% officer compensation in all available IRS 990 filings. This indicates a strong commitment to minimizing overhead by either relying on volunteer leadership or compensating executives through non-officer roles, which is a positive sign for donor confidence.

Filing History

IRS 990 filing history for Project Perry showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Project Perry's revenue has grown by 179.9%, moving from $97K to $270K. Total assets increased by 1279% over the same period, from $70K to $963K. Total functional expenses rose by 237.2%, from $95K to $320K. In its most recent filing year (2023), Project Perry reported a deficit of $50K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$270K	$320K	$963K	$0	—	—
2022	$249K	$353K	$1.0M	$0	—	View 990
2021	$426K	$319K	$1.1M	$0	—	View 990
2020	$309K	$300K	$1.0M	$0	—	View 990
2019	$466K	$301K	$999K	$0	—	View 990
2018	$423K	$256K	$835K	$0	—	View 990
2017	$318K	$225K	$667K	$0	—	View 990
2016	$212K	$172K	$574K	$0	—	View 990
2015	$451K	$168K	$534K	$0	—	View 990
2014	$172K	$141K	$214K	$29K	—	View 990
2013	$153K	$132K	$196K	$42K	—	View 990
2012	$159K	$89K	$136K	$3K	—	View 990
2011	$97K	$95K	$70K	$7K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $270K, expenses of $320K, and assets of $963K (revenue +8.4% year-over-year).
2022: Revenue of $249K, expenses of $353K, and assets of $1.0M (revenue -41.5% year-over-year).
2021: Revenue of $426K, expenses of $319K, and assets of $1.1M (revenue +37.9% year-over-year).
2020: Revenue of $309K, expenses of $300K, and assets of $1.0M (revenue -33.7% year-over-year).
2019: Revenue of $466K, expenses of $301K, and assets of $999K (revenue +10.0% year-over-year).
2018: Revenue of $423K, expenses of $256K, and assets of $835K (revenue +32.9% year-over-year).
2017: Revenue of $318K, expenses of $225K, and assets of $667K (revenue +50.4% year-over-year).
2016: Revenue of $212K, expenses of $172K, and assets of $574K (revenue -53.1% year-over-year).
2015: Revenue of $451K, expenses of $168K, and assets of $534K (revenue +162.3% year-over-year).
2014: Revenue of $172K, expenses of $141K, and assets of $214K (revenue +12.5% year-over-year).
2013: Revenue of $153K, expenses of $132K, and assets of $196K (revenue -3.9% year-over-year).
2012: Revenue of $159K, expenses of $89K, and assets of $136K (revenue +64.8% year-over-year).
2011: Revenue of $97K, expenses of $95K, and assets of $70K.

Data Sources and Methodology

This transparency report for Project Perry 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.