Project Return Inc
Project Return Inc: Consistent Revenue, High Program Spending, and Strong Transparency
EIN: 222552501 · Westport, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $1.1M |
| Program Spending | 88% |
| Net Assets | $959K |
| Transparency Score | 85/100 |
Is Project Return Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Return Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Return Inc
Project Return Inc (EIN: 222552501) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Return Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Return Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-130,256 |
| Total Assets | $990K |
| Total Liabilities | $31K |
| Net Assets | $959K |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 10.4 months |
Financial Health Grade: B
In 2015, Project Return Inc reported a deficit of $130K with expenses exceeding revenue, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Project Return Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -16.9% | -0.1% | -15.2% |
| 2014 | +21.4% | +5.2% | +9.7% |
| 2013 | +2.8% | +0.5% | -6.7% |
| 2012 | -8.4% | +3.1% | -8.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Return Inc with a Mission Score of 85 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Project Return Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, with 0% compensation indicated for officers, directors, trustees, and key employees across all years.
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.
Strengths
The following positive indicators were identified for Project Return Inc:
- Consistently high percentage of expenses dedicated to programs (e.g., 88% in 2015 based on expenses of $1,144,667 and revenue of $1,014,411).
- Stable revenue streams over the past five years, averaging around $1 million annually.
- Healthy asset base consistently over $900,000, indicating financial stability.
Frequently Asked Questions about Project Return Inc
Is Project Return Inc a legitimate charity?
Project Return Inc (EIN: 222552501) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Project Return Inc spend its money?
Project Return Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Project Return Inc tax-deductible?
Project Return Inc is registered as a tax-exempt nonprofit (EIN: 222552501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Return Inc's spending goes to programs?
Project Return Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Project Return Inc located?
Project Return Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 222552501.
How many years of IRS 990 filings does Project Return Inc have?
Project Return Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Project Return Inc do?
Project Return Inc is a nonprofit organization in the Unknown sector, located in Westport, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Project Return Inc have?
Project Return Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Project Return Inc's total assets?
Project Return Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Project Return Inc located?
Project Return Inc is based in Westport, Connecticut.
What is Project Return Inc's EIN?
Project Return Inc's Employer Identification Number (EIN) is 222552501. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Project Return Inc?
Project Return Inc is classified under NTEE code Unknown (Unknown).
Is Project Return Inc a registered 501(c)(3)?
Project Return Inc appears in IRS records (EIN: 222552501). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Project Return Inc file IRS Form 990?
Yes, Project Return Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201506.
What was Project Return Inc's revenue in 2015?
In the 201506 filing period, Project Return Inc reported total revenue of $1,014,411, total expenses of $1,144,667, and net assets of $989,823.
Is Project Return Inc's revenue growing or declining?
Project Return Inc's revenue is declining. Revenue went from $1,221,394 (201406) to $1,014,411 (201506), a -16.9% change. Based on 5 filings on record.
What is Project Return Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Project Return Inc covers tax period 201506. It shows revenue of $1,014,411, expenses of $1,144,667, total assets of $989,823, and liabilities of $30,574.
How much does Project Return Inc spend on programs vs administration?
Based on IRS 990 analysis, Project Return Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Project Return Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Project Return Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Project Return Inc's strengths?
Positive indicators for Project Return Inc include: Consistently high percentage of expenses dedicated to programs (e.g., 88% in 2015 based on expenses of $1,144,667 and revenue of $1,014,411).. Stable revenue streams over the past five years, averaging around $1 million annually.. Healthy asset base consistently over $900,000, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Project Return Inc compensate executives?
Executive compensation is not reported in the provided filings, with 0% compensation indicated for officers, directors, trustees, and key employees across all years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation for key personnel, how does Project Return Inc manage its leadership and operational oversight?
The 0% compensation reported suggests that leadership roles might be filled by volunteers, or compensation is handled through a separate entity not detailed in these specific filings. Further investigation into their governance structure and staffing model would be necessary.
Filing History
IRS 990 filing history for Project Return Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Project Return Inc's revenue has declined by 5%, moving from $1.1M to $1.0M. Total assets decreased by 21% over the same period, from $1.3M to $990K. Total functional expenses rose by 8.9%, from $1.1M to $1.1M. In its most recent filing year (2015), Project Return Inc reported a deficit of $130K, with expenses exceeding revenue. The organization holds $31K in liabilities against $990K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $959K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.0M | $1.1M | $990K | $31K | — | View 990 |
| 2014 | $1.2M | $1.1M | $1.2M | $68K | — | View 990 |
| 2013 | $1.0M | $1.1M | $1.1M | $56K | — | View 990 |
| 2012 | $978K | $1.1M | $1.1M | $47K | — | View 990 |
| 2011 | $1.1M | $1.1M | $1.3M | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $990K (revenue -16.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue +21.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $1.1M (revenue +2.8% year-over-year).
- 2012: Revenue of $978K, expenses of $1.1M, and assets of $1.1M (revenue -8.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Return Inc:
Data Sources and Methodology
This transparency report for Project Return 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.