Project Will Inc
EIN: 842573982 · Indianapolis, IN · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $432K |
| Total Expenses | $484K |
| Net Assets | $-235,715 |
Is Project Will 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 Will Inc
Project Will Inc (EIN: 842573982) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code E60. The organization reported total revenue of $432K and total assets of $124K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Will Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Will Inc is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 111.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $407K |
| Total Expenses | $484K |
| Surplus / Deficit | $-76,512 |
| Total Assets | $180K |
| Total Liabilities | $416K |
| Net Assets | $-235,715 |
| Operating Margin | -18.8% |
| Debt-to-Asset Ratio | 230.7% |
| Months of Reserves | 4.5 months |
Financial Health Grade: C
In 2023, Project Will Inc reported a deficit of $77K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 230.7% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Project Will Inc's revenue has grown at a compound annual growth rate (CAGR) of 111.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.5% | +39.8% | +610.3% |
| 2022 | +202.7% | +89.4% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Will 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 Will 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 230.7%.
Frequently Asked Questions about Project Will Inc
Is Project Will Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Will Inc (EIN: 842573982) insufficient data. 0 red flags identified, 0 strengths noted.
How does Project Will Inc spend its money?
Detailed spending breakdown data is not yet available for Project Will Inc. Check back for updated IRS 990 analysis.
Are donations to Project Will Inc tax-deductible?
Project Will Inc is registered as a tax-exempt nonprofit (EIN: 842573982). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Will Inc located?
Project Will Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 842573982. It is classified under NTEE code E60.
How many years of IRS 990 filings does Project Will Inc have?
Project Will Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $432K in total revenue.
Filing History
IRS 990 filing history for Project Will Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Project Will Inc's revenue has grown by 346.5%, moving from $91K to $407K. Total assets increased by 625.9% over the same period, from $25K to $180K. Total functional expenses rose by 164.9%, from $183K to $484K. In its most recent filing year (2023), Project Will Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $416K in liabilities against $180K in assets (debt-to-asset ratio: 230.7%), resulting in net assets of $-235,715.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $407K | $484K | $180K | $416K | — | View 990 |
| 2022 | $276K | $346K | $25K | $184K | — | View 990 |
| 2021 | $91K | $183K | $25K | $114K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $407K, expenses of $484K, and assets of $180K (revenue +47.5% year-over-year).
- 2022: Revenue of $276K, expenses of $346K, and assets of $25K (revenue +202.7% year-over-year).
- 2021: Revenue of $91K, expenses of $183K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Will Inc:
Data Sources and Methodology
This transparency report for Project Will 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.