Project 2 49 Inc is a 501(c)(3) organization based in Montrose, Michigan, registered in 2014, with $182,463 in FY2024 revenue. CharityIndex grades it C.
Revenue (FY2024)
$182K
▼ 1.2% vs prior year
Religion median: $139K
Expenses (FY2024)
$194K
Net assets
$17K
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 Project 2 49 Inc— 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 Project 2 49 Inc: 1 mo reserves · -6% margin earns a C+ 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 Project 2 49 Inc— 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 Project 2 49 Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue held steady from $181K (FY2021) to $182K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
-6.3%
Spent more than it raised in the latest fiscal year.
Total assets
$17K
Total liabilities
$0
Net assets
$17K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $182,463▼1.2% | $193,934▲5.4% | $17,084▼40.2% | $17,084▼40.2% | 990 |
| 2023 | $184,602▼7.9% | $184,056▼19.5% | $28,556▲2.0% | $28,556▲2.0% | 990 |
| 2022 | $200,535▲10.7% | $228,510▲82.6% | $28,009▼50.0% | $28,009▼50.0% | 990 |
| 2021 | $181,155 | $125,171 | $55,984 | $55,984 | 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.
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Data for Project 2 49 Inc (EIN 30-0420839) 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.