The Ace Project
EIN: 371710751 · Chicago, IL · NTEE: N66
| Metric | Value |
|---|---|
| Total Revenue | $817K |
| Total Expenses | $613K |
| Net Assets | $161K |
Is The Ace Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Ace Project
The Ace Project (EIN: 371710751) is a nonprofit organization based in Chicago, IL, classified under NTEE code N66. The organization reported total revenue of $817K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ace Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ace Project is a small nonprofit that has been operating for 13 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 39.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $623K |
| Total Expenses | $613K |
| Surplus / Deficit | +$10K |
| Total Assets | $203K |
| Total Liabilities | $42K |
| Net Assets | $161K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 4.0 months |
Financial Health Grade: A
In 2023, The Ace Project reported a surplus of $10K with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), The Ace Project's revenue has grown at a compound annual growth rate (CAGR) of 39.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.7% | +80.5% | +30.4% |
| 2022 | +32.0% | +52.0% | +16.3% |
| 2021 | +27.7% | +6.2% | +52.6% |
| 2020 | -5.1% | -13.7% | +7.1% |
| 2019 | +92.1% | +85.6% | -19.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Ace Project 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 The Ace Project 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 surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Frequently Asked Questions about The Ace Project
Is The Ace Project a legitimate charity?
The Ace Project (EIN: 371710751) is a registered tax-exempt nonprofit based in Illinois. It has 6 years of IRS 990 filings on record. Total revenue: $817K. No red flags identified. Financial health grade: A.
How does The Ace Project spend its money?
The Ace Project reported $817K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Ace Project tax-deductible?
The Ace Project is registered as a tax-exempt nonprofit (EIN: 371710751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Ace Project located?
The Ace Project is headquartered in Chicago, Illinois and files with the IRS under EIN 371710751. It is classified under NTEE code N66.
How many years of IRS 990 filings does The Ace Project have?
The Ace Project has 6 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 $817K in total revenue.
Filing History
IRS 990 filing history for The Ace Project showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), The Ace Project's revenue has grown by 433.8%, moving from $117K to $623K. Total assets increased by 99.8% over the same period, from $102K to $203K. Total functional expenses rose by 366.7%, from $131K to $613K. In its most recent filing year (2023), The Ace Project reported a surplus of $10K, with revenue exceeding expenses. The organization holds $42K in liabilities against $203K in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $161K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $623K | $613K | $203K | $42K | — | — |
| 2022 | $358K | $340K | $156K | $4K | — | — |
| 2021 | $272K | $223K | $134K | $2K | — | View 990 |
| 2020 | $213K | $210K | $88K | $4K | — | View 990 |
| 2019 | $224K | $244K | $82K | $0 | — | View 990 |
| 2018 | $117K | $131K | $102K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $623K, expenses of $613K, and assets of $203K (revenue +73.7% year-over-year).
- 2022: Revenue of $358K, expenses of $340K, and assets of $156K (revenue +32.0% year-over-year).
- 2021: Revenue of $272K, expenses of $223K, and assets of $134K (revenue +27.7% year-over-year).
- 2020: Revenue of $213K, expenses of $210K, and assets of $88K (revenue -5.1% year-over-year).
- 2019: Revenue of $224K, expenses of $244K, and assets of $82K (revenue +92.1% year-over-year).
- 2018: Revenue of $117K, expenses of $131K, and assets of $102K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ace Project:
Data Sources and Methodology
This transparency report for The Ace Project 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.