Project Real
EIN: 432074467 · Las Vegas, NV · NTEE: V26
| Metric | Value |
|---|---|
| Total Revenue | $178K |
| Total Expenses | $402K |
| Net Assets | $-106,539 |
Is Project Real Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Real
Project Real (EIN: 432074467) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code V26. The organization reported total revenue of $178K and total assets of $95K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Real's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Real is a small nonprofit that has been operating for 20 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 | $354K |
| Total Expenses | $402K |
| Surplus / Deficit | $-47,194 |
| Total Assets | $42K |
| Total Liabilities | $149K |
| Net Assets | $-106,539 |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 352.7% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Project Real reported a deficit of $47K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 352.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Project Real's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | +4.9% | -43.3% |
| 2022 | +75.5% | +23.9% | +79.0% |
| 2021 | +8.4% | +53.4% | +442.9% |
| 2020 | -14.9% | -29.3% | +13571.4% |
| 2019 | +12.8% | +41.1% | -98.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Real 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 Real 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 352.7%.
Frequently Asked Questions about Project Real
Is Project Real a legitimate charity?
Project Real (EIN: 432074467) is a registered tax-exempt nonprofit based in Nevada. It has 13 years of IRS 990 filings on record. Total revenue: $178K. No red flags identified. Financial health grade: D.
How does Project Real spend its money?
Project Real reported $178K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Project Real tax-deductible?
Project Real is registered as a tax-exempt nonprofit (EIN: 432074467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Real located?
Project Real is headquartered in Las Vegas, Nevada and files with the IRS under EIN 432074467. It is classified under NTEE code V26.
How many years of IRS 990 filings does Project Real have?
Project Real 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 $178K in total revenue.
Filing History
IRS 990 filing history for Project Real showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Real's revenue has grown by 233%, moving from $106K to $354K. Total assets decreased by 58.2% over the same period, from $101K to $42K. Total functional expenses rose by 114.1%, from $187K to $402K. In its most recent filing year (2023), Project Real reported a deficit of $47K, with expenses exceeding revenue. The organization holds $149K in liabilities against $42K in assets (debt-to-asset ratio: 352.7%), resulting in net assets of $-106,539.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $354K | $402K | $42K | $149K | — | View 990 |
| 2022 | $410K | $383K | $74K | $134K | — | View 990 |
| 2021 | $234K | $309K | $42K | $128K | — | View 990 |
| 2020 | $215K | $201K | $8K | $6K | — | — |
| 2019 | $253K | $285K | $56 | $13K | — | View 990 |
| 2018 | $225K | $202K | $5K | $3K | — | View 990 |
| 2017 | $131K | $198K | $32K | $24K | — | View 990 |
| 2016 | $293K | $330K | $81K | $6K | — | View 990 |
| 2015 | $341K | $313K | $138K | $26K | — | View 990 |
| 2014 | $264K | $251K | $102K | $9K | — | View 990 |
| 2013 | $250K | $289K | $95K | $15K | — | View 990 |
| 2012 | $277K | $230K | $122K | $3K | — | View 990 |
| 2011 | $106K | $187K | $101K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $354K, expenses of $402K, and assets of $42K (revenue -13.6% year-over-year).
- 2022: Revenue of $410K, expenses of $383K, and assets of $74K (revenue +75.5% year-over-year).
- 2021: Revenue of $234K, expenses of $309K, and assets of $42K (revenue +8.4% year-over-year).
- 2020: Revenue of $215K, expenses of $201K, and assets of $8K (revenue -14.9% year-over-year).
- 2019: Revenue of $253K, expenses of $285K, and assets of $56 (revenue +12.8% year-over-year).
- 2018: Revenue of $225K, expenses of $202K, and assets of $5K (revenue +71.0% year-over-year).
- 2017: Revenue of $131K, expenses of $198K, and assets of $32K (revenue -55.2% year-over-year).
- 2016: Revenue of $293K, expenses of $330K, and assets of $81K (revenue -14.0% year-over-year).
- 2015: Revenue of $341K, expenses of $313K, and assets of $138K (revenue +29.3% year-over-year).
- 2014: Revenue of $264K, expenses of $251K, and assets of $102K (revenue +5.4% year-over-year).
- 2013: Revenue of $250K, expenses of $289K, and assets of $95K (revenue -9.6% year-over-year).
- 2012: Revenue of $277K, expenses of $230K, and assets of $122K (revenue +160.2% year-over-year).
- 2011: Revenue of $106K, expenses of $187K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Real:
Data Sources and Methodology
This transparency report for Project Real 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.