The Nolita Project Inc
EIN: 814794276 · Baltimore, MD · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $116K |
| Net Assets | $66K |
Is The Nolita Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Nolita Project Inc
The Nolita Project Inc (EIN: 814794276) is a nonprofit organization based in Baltimore, MD, classified under NTEE code O50. The organization reported total revenue of $233K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nolita Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Nolita Project Inc is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 63.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $116K |
| Surplus / Deficit | +$14K |
| Total Assets | $66K |
| Net Assets | $66K |
| Operating Margin | 10.7% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, The Nolita Project Inc reported a surplus of $14K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2017–2023), The Nolita Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 63.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | -16.9% | +999.9% |
| 2022 | +241.1% | +96.2% | — |
| 2019 | -100.0% | -100.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Nolita 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 Nolita 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 $14K, with revenue exceeding expenses.
Frequently Asked Questions about The Nolita Project Inc
Is The Nolita Project Inc a legitimate charity?
The Nolita Project Inc (EIN: 814794276) is a registered tax-exempt nonprofit based in Maryland. It has 5 years of IRS 990 filings on record. Total revenue: $233K. No red flags identified. Financial health grade: A.
How does The Nolita Project Inc spend its money?
The Nolita Project Inc reported $233K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Nolita Project Inc tax-deductible?
The Nolita Project Inc is registered as a tax-exempt nonprofit (EIN: 814794276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Nolita Project Inc located?
The Nolita Project Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 814794276. It is classified under NTEE code O50.
How many years of IRS 990 filings does The Nolita Project Inc have?
The Nolita Project Inc has 5 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 $233K in total revenue.
Filing History
IRS 990 filing history for The Nolita Project Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2017–2023), The Nolita Project Inc's revenue has grown by 1831.4%, moving from $7K to $130K. Total assets increased by 6518% over the same period, from $1K to $66K. Total functional expenses rose by 1624.7%, from $7K to $116K. In its most recent filing year (2023), The Nolita Project Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $116K | $66K | $0 | — | View 990 |
| 2022 | $132K | $140K | $6K | $0 | — | View 990 |
| 2021 | $39K | $71K | $-32,534 | $0 | — | — |
| 2019 | $0 | $0 | $0 | $0 | — | View 990 |
| 2017 | $7K | $7K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $116K, and assets of $66K (revenue -1.4% year-over-year).
- 2022: Revenue of $132K, expenses of $140K, and assets of $6K (revenue +241.1% year-over-year).
- 2021: Revenue of $39K, expenses of $71K, and assets of $-32,534.
- 2019: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2017: Revenue of $7K, expenses of $7K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Nolita Project Inc:
Data Sources and Methodology
This transparency report for The Nolita 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.