Project Restore Inc
EIN: 541771213 · Locust Dale, VA · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Net Assets | $3.1M |
Is Project Restore Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Restore Inc
Project Restore Inc (EIN: 541771213) is a nonprofit organization based in Locust Dale, VA, classified under NTEE code X99. The organization reported total revenue of $1.3M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Restore Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Restore Inc is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-494,814 |
| Total Assets | $3.5M |
| Total Liabilities | $354K |
| Net Assets | $3.1M |
| Operating Margin | -38.3% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 23.2 months |
Financial Health Grade: B
In 2020, Project Restore Inc reported a deficit of $495K with expenses exceeding revenue, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2020), Project Restore Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +74.8% | +85.6% | -12.5% |
| 2019 | +11.9% | +234.8% | -5.4% |
| 2018 | +12.0% | -71.7% | +8.9% |
| 2017 | -24.5% | -43.9% | -10.8% |
| 2016 | -59.6% | +36.4% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Restore Inc 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 Restore Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $495K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.2%.
Frequently Asked Questions about Project Restore Inc
Is Project Restore Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Restore Inc (EIN: 541771213) insufficient data. 0 red flags identified, 0 strengths noted.
How does Project Restore Inc spend its money?
Detailed spending breakdown data is not yet available for Project Restore Inc. Check back for updated IRS 990 analysis.
Are donations to Project Restore Inc tax-deductible?
Project Restore Inc is registered as a tax-exempt nonprofit (EIN: 541771213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Restore Inc located?
Project Restore Inc is headquartered in Locust Dale, Virginia and files with the IRS under EIN 541771213. It is classified under NTEE code X99.
How many years of IRS 990 filings does Project Restore Inc have?
Project Restore Inc has 10 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Project Restore Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Project Restore Inc's revenue has grown by 66.1%, moving from $777K to $1.3M. Total assets decreased by 0% over the same period, from $3.5M to $3.5M. Total functional expenses rose by 278.2%, from $472K to $1.8M. In its most recent filing year (2020), Project Restore Inc reported a deficit of $495K, with expenses exceeding revenue. The organization holds $354K in liabilities against $3.5M in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.3M | $1.8M | $3.5M | $354K | — | — |
| 2019 | $739K | $962K | $3.9M | $352K | — | View 990 |
| 2018 | $660K | $287K | $4.2M | $352K | — | View 990 |
| 2017 | $589K | $1.0M | $3.8M | $385K | — | View 990 |
| 2016 | $781K | $1.8M | $4.3M | $424K | — | View 990 |
| 2015 | $1.9M | $1.3M | $5.3M | $352K | — | View 990 |
| 2014 | $1.4M | $988K | $4.6M | $252K | — | View 990 |
| 2013 | $891K | $314K | $4.5M | $367K | — | View 990 |
| 2012 | $2.8M | $2.7M | $3.8M | $217K | — | View 990 |
| 2011 | $777K | $472K | $3.5M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.3M, expenses of $1.8M, and assets of $3.5M (revenue +74.8% year-over-year).
- 2019: Revenue of $739K, expenses of $962K, and assets of $3.9M (revenue +11.9% year-over-year).
- 2018: Revenue of $660K, expenses of $287K, and assets of $4.2M (revenue +12.0% year-over-year).
- 2017: Revenue of $589K, expenses of $1.0M, and assets of $3.8M (revenue -24.5% year-over-year).
- 2016: Revenue of $781K, expenses of $1.8M, and assets of $4.3M (revenue -59.6% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.3M, and assets of $5.3M (revenue +35.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $988K, and assets of $4.6M (revenue +60.4% year-over-year).
- 2013: Revenue of $891K, expenses of $314K, and assets of $4.5M (revenue -68.5% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.7M, and assets of $3.8M (revenue +264.0% year-over-year).
- 2011: Revenue of $777K, expenses of $472K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Restore Inc:
Data Sources and Methodology
This transparency report for Project Restore 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.