10-40 Project is a 501(c)(3) organization based in Petal, Mississippi, registered in 2017, with $186,309 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$186K
▼ 14.4% vs prior year
Human Services median: $293K
Expenses (FY2023)
$246K
Net assets
$674
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 10-40 Project— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 10-40 Project: 0 mo reserves · -32% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 10-40 Project— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 10-40 Project: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $247K (FY2021) to $186K (FY2023) across 3 reported years.
Financial snapshot
Operating margin
-32.1%
Spent more than it raised in the latest fiscal year.
Total assets
$674
Total liabilities
$0
Net assets
$674
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $186,309▼14.4% | $246,080▲40.7% | $674▼98.9% | $674▼98.9% | 990 |
| 2022 | $217,553▼11.8% | $174,845▼31.4% | $60,445▲241% | $60,445▲241% | 990 |
| 2021 | $246,534 | $254,730 | $17,737 | $17,737 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
5 grants to 10-40 Project totaling $31K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Paypal Charitable Giving Fund | — | 2023 | $5,789 |
| Network For Good Inc | Unrestricted | 2023 | $5,656 |
| Network For Good Inc | Unrestricted | 2022 | $7,261 |
| Network For Good Inc | Unrestricted | 2021 | $7,027 |
| Network For Good Inc | Unrestricted | 2020 | $5,520 |
Explore more
Data for 10-40 Project (EIN 82-2487474) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.