Project Share
Project Share shows strong financial growth and zero liabilities, with no officer compensation reported.
EIN: 10493230 · Cherryfield, ME · NTEE: D330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $611K |
| Total Expenses | $729K |
| Program Spending | 90% |
| Net Assets | $249K |
| Transparency Score | 95/100 |
Is Project Share Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Share directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Share
Project Share (EIN: 10493230) is a nonprofit organization based in Cherryfield, ME, classified under NTEE code D330. The organization reported total revenue of $611K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Share's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Share is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $926K |
| Total Expenses | $729K |
| Surplus / Deficit | +$197K |
| Total Assets | $249K |
| Net Assets | $249K |
| Operating Margin | 21.3% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Project Share reported a surplus of $197K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2010–2023), Project Share's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +123.7% | +74.9% | +378.0% |
| 2022 | +5.1% | +12.4% | -5.0% |
| 2021 | +115.3% | +74.2% | +73.0% |
| 2020 | -51.4% | -41.2% | -48.5% |
| 2019 | +0.4% | -8.4% | +31.6% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Project Share with a Mission Score of 95 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: 90%
- fundraising: 3%
According to IRS 990 filings, Project Share allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $197K, with revenue exceeding expenses.
Executive Compensation Analysis
Project Share reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for directing funds to its mission.
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 Share:
- Consistent zero liabilities across all 14 filings, indicating strong financial stability.
- Significant asset growth in the latest filing period (202312), from $52,137 to $249,204.
- No officer compensation reported in any filing, demonstrating a high commitment to mission-focused spending.
- Strong revenue growth in the most recent period ($926,361 in 202312 compared to $414,180 in 202212).
- Positive net income in the latest filing ($926,361 revenue vs. $729,294 expenses in 202312).
Frequently Asked Questions about Project Share
Is Project Share a legitimate charity?
Project Share (EIN: 10493230) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $611K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Project Share spend its money?
Project Share directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Project Share tax-deductible?
Project Share is registered as a tax-exempt nonprofit (EIN: 10493230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Share's spending goes to programs?
Project Share directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Share compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Project Share is above average for NTEE category D330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Share located?
Project Share is headquartered in Cherryfield, Maine and files with the IRS under EIN 10493230. It is classified under NTEE code D330.
How many years of IRS 990 filings does Project Share have?
Project Share has 14 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 $611K in total revenue.
Is Project Share a good charity?
Based on its financial filings, Project Share appears to be a very good charity. It consistently reports zero liabilities, has shown significant asset growth, especially in 2023, and pays no compensation to its officers, indicating a strong commitment to its mission and efficient use of funds.
How has Project Share's financial health changed over time?
Project Share's financial health has generally improved, with notable growth in revenue and assets. While there were periods where expenses exceeded revenue (e.g., 202212, 202012), the organization has consistently maintained zero liabilities. The 202312 filing shows a significant positive shift, with revenue of $926,361 far exceeding expenses of $729,294, leading to a substantial increase in assets to $249,204.
Does Project Share spend efficiently?
Yes, Project Share appears to spend efficiently. Its expenses are generally in line with or less than its revenue, and it has consistently maintained zero liabilities. The absence of officer compensation further supports the notion that resources are being directed effectively towards its programs.
Filing History
IRS 990 filing history for Project Share showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Project Share's revenue has declined by 38.6%, moving from $1.5M to $926K. Total assets increased by 126.6% over the same period, from $110K to $249K. Total functional expenses fell by 50.7%, from $1.5M to $729K. In its most recent filing year (2023), Project Share reported a surplus of $197K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $926K | $729K | $249K | $0 | — | — |
| 2022 | $414K | $417K | $52K | $0 | — | View 990 |
| 2021 | $394K | $371K | $55K | $0 | — | View 990 |
| 2020 | $183K | $213K | $32K | $0 | — | View 990 |
| 2019 | $376K | $362K | $62K | $0 | — | View 990 |
| 2018 | $375K | $395K | $47K | $0 | — | View 990 |
| 2017 | $253K | $218K | $67K | $0 | — | — |
| 2016 | $268K | $278K | $31K | $0 | — | View 990 |
| 2015 | $130K | $149K | $41K | $0 | — | View 990 |
| 2014 | $301K | $270K | $60K | $0 | — | View 990 |
| 2013 | $194K | $190K | $29K | $0 | — | View 990 |
| 2012 | $165K | $232K | $25K | $0 | — | View 990 |
| 2011 | $526K | $544K | $92K | $0 | — | View 990 |
| 2010 | $1.5M | $1.5M | $110K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $926K, expenses of $729K, and assets of $249K (revenue +123.7% year-over-year).
- 2022: Revenue of $414K, expenses of $417K, and assets of $52K (revenue +5.1% year-over-year).
- 2021: Revenue of $394K, expenses of $371K, and assets of $55K (revenue +115.3% year-over-year).
- 2020: Revenue of $183K, expenses of $213K, and assets of $32K (revenue -51.4% year-over-year).
- 2019: Revenue of $376K, expenses of $362K, and assets of $62K (revenue +0.4% year-over-year).
- 2018: Revenue of $375K, expenses of $395K, and assets of $47K (revenue +47.9% year-over-year).
- 2017: Revenue of $253K, expenses of $218K, and assets of $67K (revenue -5.6% year-over-year).
- 2016: Revenue of $268K, expenses of $278K, and assets of $31K (revenue +106.8% year-over-year).
- 2015: Revenue of $130K, expenses of $149K, and assets of $41K (revenue -56.9% year-over-year).
- 2014: Revenue of $301K, expenses of $270K, and assets of $60K (revenue +54.9% year-over-year).
- 2013: Revenue of $194K, expenses of $190K, and assets of $29K (revenue +18.0% year-over-year).
- 2012: Revenue of $165K, expenses of $232K, and assets of $25K (revenue -68.7% year-over-year).
- 2011: Revenue of $526K, expenses of $544K, and assets of $92K (revenue -65.2% year-over-year).
- 2010: Revenue of $1.5M, expenses of $1.5M, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Share:
Data Sources and Methodology
This transparency report for Project Share 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.