Tobin Project Inc
Tobin Project Inc. faces significant financial decline with consistent deficit spending and shrinking assets.
EIN: 203105790 · Cambridge, MA · NTEE: W050 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $440K |
| Total Expenses | $546K |
| Program Spending | 75% |
| Net Assets | $1.2M |
| Transparency Score | 45/100 |
Is Tobin Project Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tobin Project Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tobin Project Inc
Tobin Project Inc (EIN: 203105790) is a nonprofit organization based in Cambridge, MA, classified under NTEE code W050. The organization reported total revenue of $440K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tobin Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tobin Project Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $464K |
| Total Expenses | $546K |
| Surplus / Deficit | $-82,161 |
| Total Assets | $1.3M |
| Total Liabilities | $16K |
| Net Assets | $1.2M |
| Operating Margin | -17.7% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 27.6 months |
Financial Health Grade: B
In 2023, Tobin Project Inc reported a deficit of $82K with expenses exceeding revenue, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tobin Project Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | -32.6% | -8.1% |
| 2022 | -21.1% | -1.6% | -19.0% |
| 2021 | -41.0% | -0.7% | -12.6% |
| 2020 | +44.2% | -29.0% | +9.7% |
| 2019 | +22.0% | -6.2% | -20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Tobin Project Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Tobin Project Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $82K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, suggesting that the organization's leadership may be unpaid or compensated through other means not categorized as officer compensation, or that the organization operates with a volunteer leadership structure. This is a positive indicator for minimizing overhead related to executive salaries, especially given the organization's financial challenges.
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 Tobin Project Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in 8 of 10 years)
- Significant decline in total assets (from $4.3M in 2014 to $1.07M currently)
- Revenue has been consistently lower than expenses in recent years, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for Tobin Project Inc:
- Reported 0% officer compensation across all filings, indicating low executive overhead.
- Historically maintained a substantial asset base, though it has been declining.
Frequently Asked Questions about Tobin Project Inc
Is Tobin Project Inc a legitimate charity?
Tobin Project Inc (EIN: 203105790) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $440K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Tobin Project Inc spend its money?
Tobin Project Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Tobin Project Inc tax-deductible?
Tobin Project Inc is registered as a tax-exempt nonprofit (EIN: 203105790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tobin Project Inc's spending goes to programs?
Tobin Project Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tobin Project Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Tobin Project Inc is near average for NTEE category W050 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tobin Project Inc located?
Tobin Project Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 203105790. It is classified under NTEE code W050.
How many years of IRS 990 filings does Tobin Project Inc have?
Tobin 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 $440K in total revenue.
Is Tobin Project Inc. financially sustainable?
Based on the consistent trend of expenses exceeding revenue in 8 of the last 10 years and a significant decline in assets from $4.3 million in 2014 to $1.07 million currently, the organization's financial sustainability is questionable without a change in its operational model or funding strategy.
Why have assets decreased so dramatically?
The dramatic decrease in assets from $4,387,128 in 2014 to $1,073,780 currently is primarily due to the organization consistently spending more than its revenue, drawing down its reserves over time. For instance, in 2022, expenses were $810,099 while revenue was $467,504, contributing to asset depletion.
What is the organization's plan to address deficit spending?
The provided IRS 990 data does not detail the organization's strategic plans to address its ongoing deficit spending. However, the consistent pattern indicates a need for either increased revenue generation or reduced expenditures to stabilize its financial position.
Filing History
IRS 990 filing history for Tobin Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tobin Project Inc's revenue has declined by 61.3%, moving from $1.2M to $464K. Total assets decreased by 61.8% over the same period, from $3.3M to $1.3M. Total functional expenses fell by 46.6%, from $1.0M to $546K. In its most recent filing year (2023), Tobin Project Inc reported a deficit of $82K, with expenses exceeding revenue. The organization holds $16K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $464K | $546K | $1.3M | $16K | — | — |
| 2022 | $468K | $810K | $1.4M | $45K | — | — |
| 2021 | $593K | $823K | $1.7M | $26K | — | View 990 |
| 2020 | $1.0M | $829K | $1.9M | $38K | — | — |
| 2019 | $696K | $1.2M | $1.8M | $43K | — | View 990 |
| 2018 | $570K | $1.2M | $2.2M | $35K | — | View 990 |
| 2017 | $569K | $1.2M | $2.9M | $43K | — | — |
| 2016 | $1.1M | $1.3M | $3.5M | $28K | — | View 990 |
| 2015 | $614K | $1.3M | $3.7M | $36K | — | View 990 |
| 2014 | $1.3M | $1.2M | $4.4M | $35K | — | View 990 |
| 2013 | $1.7M | $1.1M | $4.2M | $43K | — | View 990 |
| 2012 | $1.5M | $1.1M | $3.7M | $47K | — | View 990 |
| 2011 | $1.2M | $1.0M | $3.3M | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $464K, expenses of $546K, and assets of $1.3M (revenue -0.8% year-over-year).
- 2022: Revenue of $468K, expenses of $810K, and assets of $1.4M (revenue -21.1% year-over-year).
- 2021: Revenue of $593K, expenses of $823K, and assets of $1.7M (revenue -41.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $829K, and assets of $1.9M (revenue +44.2% year-over-year).
- 2019: Revenue of $696K, expenses of $1.2M, and assets of $1.8M (revenue +22.0% year-over-year).
- 2018: Revenue of $570K, expenses of $1.2M, and assets of $2.2M (revenue +0.2% year-over-year).
- 2017: Revenue of $569K, expenses of $1.2M, and assets of $2.9M (revenue -49.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $3.5M (revenue +82.8% year-over-year).
- 2015: Revenue of $614K, expenses of $1.3M, and assets of $3.7M (revenue -54.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $4.4M (revenue -19.3% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.1M, and assets of $4.2M (revenue +10.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.1M, and assets of $3.7M (revenue +26.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.0M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tobin Project Inc:
Data Sources and Methodology
This transparency report for Tobin 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.