Project Beginnings I Inc
Only null% goes to programs Thin reserves
Project Beginnings I Inc is a 501(c)(3) organization based in Akron, Ohio, registered in 2007, with $125,459 in FY2024 revenue. CharityIndex grades it F.
564 Diagonal Rd, Akron, OH, 44320 EIN 20-4580301 Since 2007
Revenue (FY2024)
$125K
▲ 17.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$163K
Net assets
-$143K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Beginnings I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -30% margin
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 Beginnings I Inc: 0 mo reserves · -30% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Beginnings I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Beginnings I Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 564 Diagonal Rd, Akron, OH, 44320
- City
- Akron
- State
- Ohio
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $88K (FY2013) to $125K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $805KNet assets -$143K
Operating margin
-29.8%
Spent more than it raised in the latest fiscal year.
Total assets
$662K
Total liabilities
$805K
Net assets
-$143K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $125,459▲17.0% | $162,839▲14.7% | -$143,459▼35.2% | $661,704▼4.4% | 990 |
| 2023 | $107,274▼17.1% | $141,962▲8.6% | -$106,079▼48.6% | $692,068▼3.5% | 990 |
| 2022 | $129,464▼6.4% | $130,694▲5.2% | -$71,391▼1.8% | $717,356▼1.6% | 990 |
| 2021 | $138,272▼35.1% | $124,288▼12.5% | -$70,161▲16.6% | $729,250▲3.3% | 990 |
| 2020 | $213,098▲77.4% | $142,005▼5.9% | -$84,145▲45.8% | $705,758▼3.2% | 990 |
| 2019 | $120,143▲5.4% | $150,927▲3.9% | -$155,238▼24.7% | $728,714▼2.0% | 990 |
| 2018 | $113,979▲15.7% | $145,199▲8.6% | -$124,454▼33.5% | $743,471▼12.5% | 990 |
| 2017 | $98,477▲3.7% | $133,682▲6.6% | -$93,234▼60.7% | $849,687▲4.1% | 990 |
| 2016 | $94,975▲2.6% | $125,431▲16.3% | -$58,029▼110% | $816,566▼2.0% | 990 |
| 2015 | $92,542▼3.5% | $107,881▲14.7% | -$27,573▼125% | $833,128▼3.0% | 990 |
| 2014 | $95,891▲9.4% | $94,085▲1.0% | -$12,234▲12.9% | $858,493▼7.4% | 990 |
| 2013 | $87,630 | $93,198▲3.5% | -$14,040▼65.7% | $927,006▲3.0% | 990 |
| 2012 | — | $90,054▼8.6% | -$8,472▼142% | $899,728▼4.4% | 990 |
| 2011 | — | $98,486▼16.9% | $20,285▼64.6% | $941,427▲1.1% | 990 |
| 2010 | — | $118,510 | $57,329 | $930,750 | 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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Frequently asked questions
- Is Project Beginnings I Inc a legitimate nonprofit?
- Yes. Project Beginnings I Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-4580301, based in Akron, Ohio. Donations are tax-deductible.
- What is Project Beginnings I Inc's EIN?
- Project Beginnings I Inc's Employer Identification Number (EIN) is 20-4580301.
- How much revenue does Project Beginnings I Inc report?
- Project Beginnings I Inc reported $125,459 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Project Beginnings I Inc have?
- CharityIndex grades Project Beginnings I Inc F, based on financial health (reserves and operating margin).
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Data for Project Beginnings I Inc (EIN 20-4580301) 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.