Project Re Direct Inc
Project Re Direct Inc shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 204910970 · Silver Spring, MD · NTEE: P44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.5M |
| Total Expenses | $11.0M |
| Program Spending | 85% |
| Net Assets | $10.8M |
| Transparency Score | 90/100 |
Is Project Re Direct Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Re Direct Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Re Direct Inc
Project Re Direct Inc (EIN: 204910970) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code P44. The organization reported total revenue of $23.5M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Re Direct Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Re Direct Inc is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.3M |
| Total Expenses | $11.0M |
| Surplus / Deficit | +$6.3M |
| Total Assets | $12.5M |
| Total Liabilities | $1.7M |
| Net Assets | $10.8M |
| Operating Margin | 36.7% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Project Re Direct Inc reported a surplus of $6.3M with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Re Direct Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.1% | +26.3% | +109.1% |
| 2022 | +12.5% | +15.4% | +23.0% |
| 2021 | -10.0% | -14.3% | +30.5% |
| 2020 | +2.9% | -0.9% | +126.7% |
| 2019 | +38.0% | +33.5% | -30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Re Direct 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 Re Direct 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 $6.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or their compensation is not categorized as such, which is a highly positive sign for donor trust relative to the organization's growing size and revenue.
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 Re Direct Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, limiting granular analysis of program vs. admin/fundraising spending.
Strengths
The following positive indicators were identified for Project Re Direct Inc:
- Consistent and significant revenue growth, from $5.6M in 2015 to $23.4M latest revenue.
- Strong financial health with assets consistently exceeding liabilities (e.g., $12.5M assets vs. $1.7M liabilities in 2023).
- 0% reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
- Positive net income trend, with expenses consistently lower than revenue, leading to asset accumulation.
- Low liabilities relative to assets, indicating financial stability and low debt burden.
Frequently Asked Questions about Project Re Direct Inc
Is Project Re Direct Inc a legitimate charity?
Project Re Direct Inc (EIN: 204910970) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $23.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Project Re Direct Inc spend its money?
Project Re Direct Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Re Direct Inc tax-deductible?
Project Re Direct Inc is registered as a tax-exempt nonprofit (EIN: 204910970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Re Direct Inc's spending goes to programs?
Project Re Direct Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Re Direct Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Project Re Direct Inc is above average for NTEE category P44 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Re Direct Inc located?
Project Re Direct Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 204910970. It is classified under NTEE code P44.
How many years of IRS 990 filings does Project Re Direct Inc have?
Project Re Direct 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 $23.5M in total revenue.
How does Project Re Direct Inc manage to report 0% officer compensation despite significant revenue and asset growth?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form. This is a notable characteristic for an organization with over $23 million in latest revenue.
What is the primary driver of Project Re Direct Inc's substantial revenue growth?
The provided data does not specify the exact drivers, but the consistent increase from $5.6 million in 2015 to $17.2 million in 2023 (and latest revenue of $23.4 million) suggests successful fundraising, expanding program reach, or increased grant funding. Further investigation into their funding sources would be needed.
What are the specific program activities that Project Re Direct Inc engages in, given its NTEE code P44?
NTEE code P44 typically refers to 'International Development, Relief Services, and Peace.' This suggests the organization is involved in activities such as humanitarian aid, economic development, or conflict resolution efforts on an international scale. The financial data supports a large-scale operation consistent with such a mission.
Filing History
IRS 990 filing history for Project Re Direct Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Re Direct Inc's revenue has grown by 232%, moving from $5.2M to $17.3M. Total assets increased by 954.2% over the same period, from $1.2M to $12.5M. Total functional expenses rose by 111.1%, from $5.2M to $11.0M. In its most recent filing year (2023), Project Re Direct Inc reported a surplus of $6.3M, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $12.5M in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $10.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.3M | $11.0M | $12.5M | $1.7M | — | — |
| 2022 | $9.7M | $8.7M | $6.0M | $1.6M | — | View 990 |
| 2021 | $8.6M | $7.5M | $4.9M | $1.5M | — | View 990 |
| 2020 | $9.6M | $8.8M | $3.7M | $1.5M | — | — |
| 2019 | $9.3M | $8.8M | $1.6M | $197K | — | View 990 |
| 2018 | $6.8M | $6.6M | $2.4M | $95K | — | View 990 |
| 2017 | $6.7M | $6.6M | $1.5M | $178K | — | — |
| 2016 | $6.0M | $6.1M | $1.4M | $157K | — | View 990 |
| 2015 | $5.7M | $6.2M | $1.7M | $375K | — | View 990 |
| 2014 | $6.3M | $5.6M | $3.4M | $97K | — | View 990 |
| 2013 | $6.0M | $5.7M | $3.2M | $596K | — | View 990 |
| 2012 | $6.6M | $6.4M | $425K | $20K | — | View 990 |
| 2011 | $5.2M | $5.2M | $1.2M | $944K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.3M, expenses of $11.0M, and assets of $12.5M (revenue +78.1% year-over-year).
- 2022: Revenue of $9.7M, expenses of $8.7M, and assets of $6.0M (revenue +12.5% year-over-year).
- 2021: Revenue of $8.6M, expenses of $7.5M, and assets of $4.9M (revenue -10.0% year-over-year).
- 2020: Revenue of $9.6M, expenses of $8.8M, and assets of $3.7M (revenue +2.9% year-over-year).
- 2019: Revenue of $9.3M, expenses of $8.8M, and assets of $1.6M (revenue +38.0% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.6M, and assets of $2.4M (revenue +0.4% year-over-year).
- 2017: Revenue of $6.7M, expenses of $6.6M, and assets of $1.5M (revenue +12.8% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.1M, and assets of $1.4M (revenue +4.9% year-over-year).
- 2015: Revenue of $5.7M, expenses of $6.2M, and assets of $1.7M (revenue -9.4% year-over-year).
- 2014: Revenue of $6.3M, expenses of $5.6M, and assets of $3.4M (revenue +5.0% year-over-year).
- 2013: Revenue of $6.0M, expenses of $5.7M, and assets of $3.2M (revenue -9.9% year-over-year).
- 2012: Revenue of $6.6M, expenses of $6.4M, and assets of $425K (revenue +27.3% year-over-year).
- 2011: Revenue of $5.2M, expenses of $5.2M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Re Direct Inc:
Data Sources and Methodology
This transparency report for Project Re Direct 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.