The Laundromat Project Inc
EIN: 870753479 · Brooklyn, NY · NTEE: A40
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $2.7M |
| Net Assets | $9.6M |
Search Intent Cockpit
The Laundromat Project Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Laundromat Project Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Laundromat Project Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $5.7M and expenses of $2.7M.
Revenue and Expenses
The Laundromat Project Inc reported $5.7M in revenue and $2.7M in expenses, a surplus of $3.1M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is The Laundromat Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, The Laundromat Project Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Arts & Culture context |
Trust Check
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About The Laundromat Project Inc
The Laundromat Project Inc (EIN: 870753479) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A40. The organization reported total revenue of $6.4M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Laundromat Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Laundromat Project Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$3.1M |
| Total Assets | $9.7M |
| Total Liabilities | $151K |
| Net Assets | $9.6M |
| Operating Margin | 53.3% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 43.5 months |
Financial Health Grade: A
In 2023, The Laundromat Project Inc reported a surplus of $3.1M with revenue exceeding expenses, holds 43.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Laundromat Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +214.2% | +31.6% | +47.1% |
| 2022 | -64.7% | +4.1% | -2.1% |
| 2021 | +108.0% | +58.2% | +88.4% |
| 2020 | +30.4% | +17.5% | +64.9% |
| 2019 | +62.8% | +37.1% | +64.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Laundromat Project 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 The Laundromat Project 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 surplus of $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about The Laundromat Project Inc
Is The Laundromat Project Inc a legitimate charity?
The Laundromat Project Inc (EIN: 870753479) is a registered tax-exempt nonprofit based in New York. It has 13 years of IRS 990 filings on record. Total revenue: $6.4M. No red flags identified. Financial health grade: A.
How does The Laundromat Project Inc spend its money?
The Laundromat Project Inc reported $6.4M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Laundromat Project Inc tax-deductible?
The Laundromat Project Inc is registered as a tax-exempt nonprofit (EIN: 870753479). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Laundromat Project Inc located?
The Laundromat Project Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 870753479. It is classified under NTEE code A40.
How many years of IRS 990 filings does The Laundromat Project Inc have?
The Laundromat Project Inc 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 $6.4M in total revenue.
Filing History
IRS 990 filing history for The Laundromat Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Laundromat Project Inc's revenue has grown by 3134.7%, moving from $177K to $5.7M. Total assets increased by 4886.6% over the same period, from $195K to $9.7M. Total functional expenses rose by 2066.7%, from $124K to $2.7M. In its most recent filing year (2023), The Laundromat Project Inc reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $151K in liabilities against $9.7M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $9.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $2.7M | $9.7M | $151K | — | — |
| 2022 | $1.8M | $2.0M | $6.6M | $241K | — | View 990 |
| 2021 | $5.2M | $2.0M | $6.7M | $89K | — | View 990 |
| 2020 | $2.5M | $1.2M | $3.6M | $184K | — | — |
| 2019 | $1.9M | $1.1M | $2.2M | $28K | — | View 990 |
| 2018 | $1.2M | $767K | $1.3M | $32K | — | View 990 |
| 2017 | $917K | $727K | $913K | $32K | — | — |
| 2016 | $875K | $637K | $720K | $30K | — | View 990 |
| 2015 | $559K | $445K | $462K | $9K | — | View 990 |
| 2014 | $359K | $388K | $340K | $803 | — | View 990 |
| 2013 | $493K | $300K | $389K | $21K | — | View 990 |
| 2012 | $219K | $199K | $281K | $111K | — | View 990 |
| 2011 | $177K | $124K | $195K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $2.7M, and assets of $9.7M (revenue +214.2% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.0M, and assets of $6.6M (revenue -64.7% year-over-year).
- 2021: Revenue of $5.2M, expenses of $2.0M, and assets of $6.7M (revenue +108.0% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.2M, and assets of $3.6M (revenue +30.4% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.1M, and assets of $2.2M (revenue +62.8% year-over-year).
- 2018: Revenue of $1.2M, expenses of $767K, and assets of $1.3M (revenue +27.8% year-over-year).
- 2017: Revenue of $917K, expenses of $727K, and assets of $913K (revenue +4.8% year-over-year).
- 2016: Revenue of $875K, expenses of $637K, and assets of $720K (revenue +56.5% year-over-year).
- 2015: Revenue of $559K, expenses of $445K, and assets of $462K (revenue +55.5% year-over-year).
- 2014: Revenue of $359K, expenses of $388K, and assets of $340K (revenue -27.1% year-over-year).
- 2013: Revenue of $493K, expenses of $300K, and assets of $389K (revenue +124.6% year-over-year).
- 2012: Revenue of $219K, expenses of $199K, and assets of $281K (revenue +23.8% year-over-year).
- 2011: Revenue of $177K, expenses of $124K, and assets of $195K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Laundromat Project Inc:
Data Sources and Methodology
This transparency report for The Laundromat Project 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.