Untapped Potential Project
EIN: 814255463 · Glencoe, IL · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $675K |
| Total Expenses | $455K |
| Net Assets | $-110,902 |
Is Untapped Potential Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Untapped Potential Project
Untapped Potential Project (EIN: 814255463) is a nonprofit organization based in Glencoe, IL, classified under NTEE code T50. The organization reported total revenue of $675K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Untapped Potential Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Untapped Potential Project is a small nonprofit that has been operating for 2 years, with 4 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 17.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $325K |
| Total Expenses | $455K |
| Surplus / Deficit | $-129,918 |
| Total Assets | $57K |
| Total Liabilities | $167K |
| Net Assets | $-110,902 |
| Operating Margin | -40.0% |
| Debt-to-Asset Ratio | 296.2% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Untapped Potential Project reported a deficit of $130K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 296.2% (high leverage).
Financial Trends
Over 4 years of filings (2017–2023), Untapped Potential Project's revenue has grown at a compound annual growth rate (CAGR) of 17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +58.4% | -22.0% |
| 2022 | +499.7% | -12.4% | +117.0% |
| 2021 | -60.0% | +264.2% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Untapped Potential Project 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 Untapped Potential Project 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 deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 296.2%.
Frequently Asked Questions about Untapped Potential Project
Is Untapped Potential Project a legitimate charity?
Untapped Potential Project (EIN: 814255463) is a registered tax-exempt nonprofit based in Illinois. It has 4 years of IRS 990 filings on record. Total revenue: $675K. No red flags identified. Financial health grade: D.
How does Untapped Potential Project spend its money?
Untapped Potential Project reported $675K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Untapped Potential Project tax-deductible?
Untapped Potential Project is registered as a tax-exempt nonprofit (EIN: 814255463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Untapped Potential Project located?
Untapped Potential Project is headquartered in Glencoe, Illinois and files with the IRS under EIN 814255463. It is classified under NTEE code T50.
How many years of IRS 990 filings does Untapped Potential Project have?
Untapped Potential Project has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $675K in total revenue.
Filing History
IRS 990 filing history for Untapped Potential Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2023), Untapped Potential Project's revenue has grown by 160%, moving from $125K to $325K. Total assets increased by 61.5% over the same period, from $35K to $57K. Total functional expenses rose by 405.4%, from $90K to $455K. In its most recent filing year (2023), Untapped Potential Project reported a deficit of $130K, with expenses exceeding revenue. The organization holds $167K in liabilities against $57K in assets (debt-to-asset ratio: 296.2%), resulting in net assets of $-110,902.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $325K | $455K | $57K | $167K | — | View 990 |
| 2022 | $300K | $287K | $72K | $53K | — | — |
| 2021 | $50K | $328K | $33K | $27K | — | — |
| 2017 | $125K | $90K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $325K, expenses of $455K, and assets of $57K (revenue +8.3% year-over-year).
- 2022: Revenue of $300K, expenses of $287K, and assets of $72K (revenue +499.7% year-over-year).
- 2021: Revenue of $50K, expenses of $328K, and assets of $33K (revenue -60.0% year-over-year).
- 2017: Revenue of $125K, expenses of $90K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Untapped Potential Project:
Data Sources and Methodology
This transparency report for Untapped Potential 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.