Project 58-10 Inc is a 501(c)(3) organization based in Somerset, Kentucky, registered in 2013, with $181,309 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$181K
▲ 38.0% vs prior year
Food & Agriculture median: $197K
Expenses (FY2024)
$177K
Net assets
$101K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →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 58-10 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 58-10 Inc: 7 mo reserves · +3% margin earns a A 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 58-10 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 58-10 Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $113K (FY2013) to $181K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$101K
Net assets
$101K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $181,309▲38.0% | $176,560▲7.5% | $100,521▲5.0% | $100,521▲5.0% | 990EZ |
| 2023 | $131,375▼14.6% | $164,286▲28.4% | $95,772▼25.6% | $95,772▼25.6% | 990EZ |
| 2022 | $153,761▲4.4% | $127,901▲37.6% | $128,683▲25.2% | $128,683▲25.2% | 990EZ |
| 2021 | $147,300▲100% | $92,952▼0.9% | $102,823▲112% | $102,823▲112% | 990EZ |
| 2020 | $73,469▼55.6% | $93,811▼37.8% | $48,475▼29.6% | $48,475▼29.6% | 990EZ |
| 2019 | $165,594▼6.2% | $150,810▼15.4% | $68,817▲27.4% | $68,817▲27.4% | 990EZ |
| 2018 | $176,462▲19.2% | $178,238▼5.3% | $54,033▼3.2% | $54,033▼3.2% | 990EZ |
| 2017 | $148,072▼20.3% | $188,262▲2.1% | $55,809▼41.9% | $55,809▼41.9% | 990EZ |
| 2016 | $185,794▲0.1% | $184,454▲12.2% | $95,999▲1.4% | $95,999▲1.4% | 990EZ |
| 2015 | $185,554▼4.2% | $164,421▲13.7% | $94,659▲28.7% | $94,659▲28.7% | 990EZ |
| 2014 | $193,623▲71.5% | $144,618▲26.8% | $73,526▲552% | $73,526▲552% | 990EZ |
| 2013 | $112,895 | $114,097 | $11,271 | $11,271 | 990EZ |
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 Project 58-10 Inc totaling $7,850, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Poverty | 2018 | $1,200 |
| National Christian Charitable Foundation | Poverty | 2017 | $1,200 |
| National Christian Charitable Foundation | Children and youth services | 2016 | $1,700 |
| National Christian Charitable Foundation | Christian discipleship | 2015 | $3,250 |
| National Christian Charitable Foundation | Human services | 2014 | $500 |
Explore more
Data for Project 58-10 Inc (EIN 46-1253482) 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.