The Honeycomb Project Inc Nfp
EIN: 452508463 · Chicago, IL · NTEE: P40
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $606K |
| Net Assets | $519K |
Is The Honeycomb Project Inc Nfp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Honeycomb Project Inc Nfp
The Honeycomb Project Inc Nfp (EIN: 452508463) is a nonprofit organization based in Chicago, IL, classified under NTEE code P40. The organization reported total revenue of $639K and total assets of $519K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Honeycomb Project Inc Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Honeycomb Project Inc Nfp is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $294K |
| Total Expenses | $606K |
| Surplus / Deficit | $-312,241 |
| Total Assets | $574K |
| Total Liabilities | $56K |
| Net Assets | $519K |
| Operating Margin | -106.3% |
| Debt-to-Asset Ratio | 9.7% |
| Months of Reserves | 11.4 months |
Financial Health Grade: B
In 2023, The Honeycomb Project Inc Nfp reported a deficit of $312K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Honeycomb Project Inc Nfp's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.5% | +7.4% | -38.2% |
| 2022 | +4.7% | +43.5% | -15.4% |
| 2021 | -71.9% | +4.9% | -4.8% |
| 2020 | +251.3% | -9.1% | +191.7% |
| 2019 | +9.4% | +32.6% | -19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Honeycomb Project Inc Nfp 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 Honeycomb Project Inc Nfp 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 $312K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.7%.
Frequently Asked Questions about The Honeycomb Project Inc Nfp
Is The Honeycomb Project Inc Nfp a legitimate charity?
The Honeycomb Project Inc Nfp (EIN: 452508463) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $639K. No red flags identified. Financial health grade: B.
How does The Honeycomb Project Inc Nfp spend its money?
The Honeycomb Project Inc Nfp reported $639K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Honeycomb Project Inc Nfp tax-deductible?
The Honeycomb Project Inc Nfp is registered as a tax-exempt nonprofit (EIN: 452508463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Honeycomb Project Inc Nfp located?
The Honeycomb Project Inc Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 452508463. It is classified under NTEE code P40.
How many years of IRS 990 filings does The Honeycomb Project Inc Nfp have?
The Honeycomb Project Inc Nfp 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 $639K in total revenue.
Filing History
IRS 990 filing history for The Honeycomb Project Inc Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Honeycomb Project Inc Nfp's revenue has grown by 782.6%, moving from $33K to $294K. Total assets increased by 2586.2% over the same period, from $21K to $574K. Total functional expenses rose by 4991.2%, from $12K to $606K. In its most recent filing year (2023), The Honeycomb Project Inc Nfp reported a deficit of $312K, with expenses exceeding revenue. The organization holds $56K in liabilities against $574K in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $519K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $294K | $606K | $574K | $56K | — | — |
| 2022 | $332K | $564K | $930K | $99K | — | View 990 |
| 2021 | $317K | $393K | $1.1M | $36K | — | View 990 |
| 2020 | $1.1M | $375K | $1.2M | $16K | — | — |
| 2019 | $321K | $412K | $396K | $9K | — | View 990 |
| 2018 | $293K | $311K | $488K | $10K | — | View 990 |
| 2017 | $469K | $294K | $497K | $480 | — | View 990 |
| 2016 | $237K | $171K | $323K | $998 | — | View 990 |
| 2015 | $275K | $102K | $256K | $0 | — | View 990 |
| 2014 | $111K | $70K | $82K | $0 | — | View 990 |
| 2013 | $67K | $62K | $41K | $0 | — | View 990 |
| 2012 | $39K | $24K | $36K | $0 | — | View 990 |
| 2011 | $33K | $12K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $294K, expenses of $606K, and assets of $574K (revenue -11.5% year-over-year).
- 2022: Revenue of $332K, expenses of $564K, and assets of $930K (revenue +4.7% year-over-year).
- 2021: Revenue of $317K, expenses of $393K, and assets of $1.1M (revenue -71.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $375K, and assets of $1.2M (revenue +251.3% year-over-year).
- 2019: Revenue of $321K, expenses of $412K, and assets of $396K (revenue +9.4% year-over-year).
- 2018: Revenue of $293K, expenses of $311K, and assets of $488K (revenue -37.5% year-over-year).
- 2017: Revenue of $469K, expenses of $294K, and assets of $497K (revenue +97.4% year-over-year).
- 2016: Revenue of $237K, expenses of $171K, and assets of $323K (revenue -13.7% year-over-year).
- 2015: Revenue of $275K, expenses of $102K, and assets of $256K (revenue +147.9% year-over-year).
- 2014: Revenue of $111K, expenses of $70K, and assets of $82K (revenue +66.2% year-over-year).
- 2013: Revenue of $67K, expenses of $62K, and assets of $41K (revenue +70.0% year-over-year).
- 2012: Revenue of $39K, expenses of $24K, and assets of $36K (revenue +18.0% year-over-year).
- 2011: Revenue of $33K, expenses of $12K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Honeycomb Project Inc Nfp:
Data Sources and Methodology
This transparency report for The Honeycomb Project Inc Nfp 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.