The Nola Project Inc

The Nola Project Inc maintains stable finances with no reported executive compensation over the past decade.

EIN: 202166597 · New Orleans, LA · NTEE: A65 · Updated: 2026-03-28

$177KRevenue

$84KAssets

90/100Mission Score (Excellent)

A65

About The Nola Project Inc

The Nola Project Inc (EIN: 202166597) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A65. The organization reported total revenue of $177K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nola Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Nola Project Inc demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. For instance, in 2023, revenues were $303,760 against expenses of $306,122, indicating a slight operational deficit but overall stability. The organization's assets have shown growth, from $45,030 in 2014 to $81,021 in 2023, suggesting a healthy accumulation of resources. Liabilities have remained relatively low compared to assets, indicating good financial management and limited reliance on debt.

Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a significant portion of funds is likely directed towards program services rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of executive compensation is a positive indicator for donor confidence.

In terms of transparency, the organization has a robust filing history with 12 IRS 990 filings, demonstrating a commitment to public disclosure. The consistent reporting of key financial metrics over a long period allows for a clear understanding of its financial trajectory. The Nola Project Inc appears to be a financially stable and transparent organization, effectively managing its resources to support its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Nola Project Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, The Nola Project Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for a nonprofit of its size with revenues fluctuating around $100,000-$300,000 annually.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for The Nola Project Inc:

Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds to programs.
Stable financial operations with revenues generally covering expenses over a decade.
Healthy asset growth from $45,030 in 2014 to $81,021 in 2023.
Low liabilities relative to assets, suggesting good financial management.
Extensive filing history (12 filings) demonstrating strong transparency.

Frequently Asked Questions about The Nola Project Inc

Is The Nola Project Inc a good charity?

Based on the available financial data, The Nola Project Inc appears to be a good charity. It demonstrates financial stability, low liabilities, and notably, zero executive compensation, suggesting a strong commitment to directing funds towards its mission.

How has The Nola Project Inc's revenue trended over time?

The Nola Project Inc's revenue has fluctuated but generally remained stable, ranging from a low of $107,296 in 2021 to a high of $379,542 in 2016, with recent years (2022-2023) showing revenues around $300,000.

What is the organization's asset growth like?

The organization's assets have shown consistent growth, increasing from $45,030 in 2014 to $81,021 in 2023, indicating a healthy accumulation of resources over time.

Filing History

IRS 990 filing history for The Nola Project Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), The Nola Project Inc's revenue has grown by 433%, moving from $57K to $304K. Total assets increased by 87% over the same period, from $43K to $81K. Total functional expenses rose by 476.9%, from $53K to $306K. In its most recent filing year (2023), The Nola Project Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $12K in liabilities against $81K in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $69K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$304K	$306K	$81K	$12K	—	View 990
2022	$306K	$311K	$86K	$15K	—	View 990
2021	$107K	$103K	$80K	$4K	—	View 990
2020	$248K	$234K	$65K	$12K	—	View 990
2019	$254K	$252K	$45K	$7K	—	View 990
2018	$207K	$239K	$50K	$13K	—	View 990
2017	$267K	$257K	$82K	$13K	—	View 990
2016	$380K	$369K	$132K	$74K	—	View 990
2015	$229K	$214K	$59K	$12K	—	View 990
2014	$178K	$157K	$45K	$13K	—	View 990
2013	$115K	$110K	$25K	$13K	—	View 990
2012	$57K	$53K	$43K	$36K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $304K, expenses of $306K, and assets of $81K (revenue -0.8% year-over-year).
2022: Revenue of $306K, expenses of $311K, and assets of $86K (revenue +185.5% year-over-year).
2021: Revenue of $107K, expenses of $103K, and assets of $80K (revenue -56.8% year-over-year).
2020: Revenue of $248K, expenses of $234K, and assets of $65K (revenue -2.1% year-over-year).
2019: Revenue of $254K, expenses of $252K, and assets of $45K (revenue +22.6% year-over-year).
2018: Revenue of $207K, expenses of $239K, and assets of $50K (revenue -22.6% year-over-year).
2017: Revenue of $267K, expenses of $257K, and assets of $82K (revenue -29.5% year-over-year).
2016: Revenue of $380K, expenses of $369K, and assets of $132K (revenue +65.6% year-over-year).
2015: Revenue of $229K, expenses of $214K, and assets of $59K (revenue +29.1% year-over-year).
2014: Revenue of $178K, expenses of $157K, and assets of $45K (revenue +54.8% year-over-year).
2013: Revenue of $115K, expenses of $110K, and assets of $25K (revenue +101.2% year-over-year).
2012: Revenue of $57K, expenses of $53K, and assets of $43K.

Data Sources and Methodology

This transparency report for The Nola 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.