The Grand Rapids Red Project
EIN: 383414580 · Grand Rapids, MI · NTEE: E70
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Net Assets | $876K |
Is The Grand Rapids Red 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 Grand Rapids Red Project
The Grand Rapids Red Project (EIN: 383414580) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code E70. The organization reported total revenue of $2.6M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Grand Rapids Red Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Grand Rapids Red Project is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$22K |
| Total Assets | $1.0M |
| Total Liabilities | $157K |
| Net Assets | $876K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, The Grand Rapids Red Project reported a surplus of $22K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Grand Rapids Red Project's revenue has grown at a compound annual growth rate (CAGR) of 29.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | -6.0% | -10.7% |
| 2022 | -12.9% | -4.0% | +12.4% |
| 2021 | +23.2% | +42.6% | +23.8% |
| 2020 | +50.9% | +21.8% | +102.3% |
| 2019 | +7.6% | +15.0% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Grand Rapids Red 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 Grand Rapids Red 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.2%.
Frequently Asked Questions about The Grand Rapids Red Project
Is The Grand Rapids Red Project a legitimate charity?
Based on AI analysis of IRS 990 filings, The Grand Rapids Red Project (EIN: 383414580) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Grand Rapids Red Project spend its money?
Detailed spending breakdown data is not yet available for The Grand Rapids Red Project. Check back for updated IRS 990 analysis.
Are donations to The Grand Rapids Red Project tax-deductible?
The Grand Rapids Red Project is registered as a tax-exempt nonprofit (EIN: 383414580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Grand Rapids Red Project located?
The Grand Rapids Red Project is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 383414580. It is classified under NTEE code E70.
How many years of IRS 990 filings does The Grand Rapids Red Project have?
The Grand Rapids Red Project has 13 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 $2.6M in total revenue.
Filing History
IRS 990 filing history for The Grand Rapids Red Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Grand Rapids Red Project's revenue has grown by 2037.7%, moving from $106K to $2.3M. Total assets increased by 1669.2% over the same period, from $58K to $1.0M. Total functional expenses rose by 2621.6%, from $82K to $2.2M. In its most recent filing year (2023), The Grand Rapids Red Project reported a surplus of $22K, with revenue exceeding expenses. The organization holds $157K in liabilities against $1.0M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $876K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.2M | $1.0M | $157K | — | — |
| 2022 | $2.3M | $2.4M | $1.2M | $302K | — | View 990 |
| 2021 | $2.7M | $2.5M | $1.0M | $110K | — | View 990 |
| 2020 | $2.2M | $1.7M | $831K | $91K | — | View 990 |
| 2019 | $1.4M | $1.4M | $411K | $91K | — | View 990 |
| 2018 | $1.3M | $1.2M | $408K | $92K | — | View 990 |
| 2017 | $1.2M | $1.2M | $304K | $76K | — | View 990 |
| 2016 | $1.1M | $980K | $272K | $54K | — | View 990 |
| 2015 | $663K | $625K | $129K | $35K | — | View 990 |
| 2014 | $285K | $261K | $72K | $8K | — | View 990 |
| 2013 | $191K | $215K | $47K | $8K | — | View 990 |
| 2012 | $104K | $99K | $64K | $1K | — | View 990 |
| 2011 | $106K | $82K | $58K | $729 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.2M, and assets of $1.0M (revenue -2.4% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.4M, and assets of $1.2M (revenue -12.9% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.5M, and assets of $1.0M (revenue +23.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.7M, and assets of $831K (revenue +50.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $411K (revenue +7.6% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $408K (revenue +14.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $304K (revenue +5.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $980K, and assets of $272K (revenue +67.1% year-over-year).
- 2015: Revenue of $663K, expenses of $625K, and assets of $129K (revenue +132.2% year-over-year).
- 2014: Revenue of $285K, expenses of $261K, and assets of $72K (revenue +49.5% year-over-year).
- 2013: Revenue of $191K, expenses of $215K, and assets of $47K (revenue +83.2% year-over-year).
- 2012: Revenue of $104K, expenses of $99K, and assets of $64K (revenue -1.5% year-over-year).
- 2011: Revenue of $106K, expenses of $82K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Grand Rapids Red Project:
Data Sources and Methodology
This transparency report for The Grand Rapids Red 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.