The Voices And Faces Project
The Voices And Faces Project faces recent financial deficits despite a history of fluctuating revenues and no reported officer compensation.
EIN: 204656753 · Chicago, IL · NTEE: P62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $622K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $63K |
| Transparency Score | 70/100 |
Is The Voices And Faces Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Voices And Faces Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Voices And Faces Project
The Voices And Faces Project (EIN: 204656753) is a nonprofit organization based in Chicago, IL, classified under NTEE code P62. The organization reported total revenue of $1.0M and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Voices And Faces Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Voices And Faces Project is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $529K |
| Total Expenses | $622K |
| Surplus / Deficit | $-93,614 |
| Total Assets | $66K |
| Total Liabilities | $3K |
| Net Assets | $63K |
| Operating Margin | -17.7% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2023, The Voices And Faces Project reported a deficit of $94K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Voices And Faces Project's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.5% | +23.9% | -60.0% |
| 2022 | -36.3% | +6.4% | -47.6% |
| 2021 | -5.0% | +16.7% | +26.6% |
| 2020 | +48.5% | +7.7% | +158.4% |
| 2019 | -45.3% | -52.9% | +11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Voices And Faces Project with a Mission Score of 70 out of 100 (Good). 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 Voices And Faces Project 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is highly unusual for an organization with over $1 million in latest revenue and suggests a volunteer-led or externally funded leadership structure.
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.
Red Flags
The following concerns were identified during AI analysis of The Voices And Faces Project's IRS 990 filings:
- Recurring deficits in recent years (2022 and 2023), where expenses significantly exceeded revenue.
- Significant fluctuation in assets, indicating potential instability in financial reserves.
Strengths
The following positive indicators were identified for The Voices And Faces Project:
- Consistent reporting of 0% officer compensation, indicating strong dedication of resources to mission.
- Long history of IRS 990 filings (13 periods), demonstrating commitment to transparency.
- Generally low liabilities, suggesting responsible debt management.
Frequently Asked Questions about The Voices And Faces Project
Is The Voices And Faces Project a legitimate charity?
The Voices And Faces Project (EIN: 204656753) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does The Voices And Faces Project spend its money?
The Voices And Faces Project directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Voices And Faces Project tax-deductible?
The Voices And Faces Project is registered as a tax-exempt nonprofit (EIN: 204656753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Voices And Faces Project CEO make?
The Voices And Faces Project's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Voices And Faces Project's spending goes to programs?
The Voices And Faces Project directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Voices And Faces Project compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Voices And Faces Project is above average for NTEE category P62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Voices And Faces Project located?
The Voices And Faces Project is headquartered in Chicago, Illinois and files with the IRS under EIN 204656753. It is classified under NTEE code P62.
How many years of IRS 990 filings does The Voices And Faces Project have?
The Voices And Faces 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 $1.0M in total revenue.
Is The Voices And Faces Project financially stable?
The organization has experienced recent financial instability, with expenses exceeding revenue in both 2023 ($622,473 expenses vs. $528,859 revenue) and 2022 ($502,569 expenses vs. $344,637 revenue). This trend, coupled with fluctuating assets, suggests a need for improved financial planning to ensure long-term stability.
How does The Voices And Faces Project manage executive compensation?
The Voices And Faces Project consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no salaries are paid to officers, which is a strong positive for resource allocation.
What is the trend in the organization's assets?
The organization's assets have fluctuated significantly, from a high of $315,709 in 2021 to a low of $66,161 in 2023, indicating varying levels of financial reserves.
Are there any concerns about the organization's liabilities?
Liabilities have generally remained low across the filing periods, with the highest being $28,221 in 2016 and the lowest $1,171 in 2021, suggesting responsible debt management.
Filing History
IRS 990 filing history for The Voices And Faces Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Voices And Faces Project's revenue has grown by 207.4%, moving from $172K to $529K. Total assets increased by 21.1% over the same period, from $55K to $66K. Total functional expenses rose by 352.7%, from $138K to $622K. In its most recent filing year (2023), The Voices And Faces Project reported a deficit of $94K, with expenses exceeding revenue. The organization holds $3K in liabilities against $66K in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $529K | $622K | $66K | $3K | — | View 990 |
| 2022 | $345K | $503K | $166K | $9K | — | View 990 |
| 2021 | $541K | $472K | $316K | $1K | — | View 990 |
| 2020 | $569K | $405K | $249K | $3K | — | — |
| 2019 | $383K | $376K | $97K | $15K | — | View 990 |
| 2018 | $701K | $799K | $87K | $13K | — | View 990 |
| 2017 | $805K | $804K | $183K | $10K | — | — |
| 2016 | $1.2M | $1.2M | $199K | $28K | — | View 990 |
| 2015 | $456K | $442K | $172K | $5K | — | View 990 |
| 2014 | $384K | $366K | $163K | $10K | — | View 990 |
| 2013 | $287K | $228K | $138K | $0 | — | View 990 |
| 2012 | $254K | $230K | $78K | $3K | — | View 990 |
| 2011 | $172K | $138K | $55K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $529K, expenses of $622K, and assets of $66K (revenue +53.5% year-over-year).
- 2022: Revenue of $345K, expenses of $503K, and assets of $166K (revenue -36.3% year-over-year).
- 2021: Revenue of $541K, expenses of $472K, and assets of $316K (revenue -5.0% year-over-year).
- 2020: Revenue of $569K, expenses of $405K, and assets of $249K (revenue +48.5% year-over-year).
- 2019: Revenue of $383K, expenses of $376K, and assets of $97K (revenue -45.3% year-over-year).
- 2018: Revenue of $701K, expenses of $799K, and assets of $87K (revenue -13.0% year-over-year).
- 2017: Revenue of $805K, expenses of $804K, and assets of $183K (revenue -31.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $199K (revenue +157.2% year-over-year).
- 2015: Revenue of $456K, expenses of $442K, and assets of $172K (revenue +18.8% year-over-year).
- 2014: Revenue of $384K, expenses of $366K, and assets of $163K (revenue +33.6% year-over-year).
- 2013: Revenue of $287K, expenses of $228K, and assets of $138K (revenue +12.9% year-over-year).
- 2012: Revenue of $254K, expenses of $230K, and assets of $78K (revenue +47.9% year-over-year).
- 2011: Revenue of $172K, expenses of $138K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Voices And Faces Project:
Data Sources and Methodology
This transparency report for The Voices And Faces 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.