Project Connect Inc
Only null% goes to programs Declining revenue
Project Connect Inc is a 501(c)(3) organization based in Madison, Tennessee, registered in 2012, with $699,540 in FY2023 revenue. CharityIndex grades it C+.
Po Box 295, Madison, TN, 37116 EIN 27-4003340 Since 2012
Revenue (FY2023)
$700K
▼ 28.0% vs prior year
International median: $227K
Expenses (FY2023)
$790K
Net assets
$388K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Connect Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating6 mo reserves · -13% 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 Connect Inc: 6 mo reserves · -13% margin earns a C+ 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 Connect Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Connect Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 295, Madison, TN, 37116
- City
- Madison
- State
- Tennessee
- Subcategory
- International Development & Relief
- Website
- …
Financial trends
Revenue grew from $371K (FY2016) to $700K (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $535KNet assets $388K
Operating margin
-12.9%
Spent more than it raised in the latest fiscal year.
Total assets
$923K
Total liabilities
$535K
Net assets
$388K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $699,540▼28.0% | $790,117▼7.7% | $387,633▼18.9% | $922,828▼11.3% | 990 |
| 2022 | $971,899▼37.4% | $855,819▼42.4% | $478,210▲32.1% | $1,040,140▲11.2% | 990 |
| 2021 | $1,552,607▲13.0% | $1,485,631▲28.0% | $362,130▲4.6% | $935,489▲152% | 990 |
| 2020 | $1,374,079▲212% | $1,160,869▲175% | $346,324▲354% | $371,771▲373% | 990 |
| 2019 | $440,570▲31.2% | $421,720▲17.4% | $76,305▲32.8% | $78,533▲30.9% | 990 |
| 2018 | $335,753▲19.5% | $359,326▼3.8% | $57,455▼29.1% | $59,984▼26.0% | 990 |
| 2017 | $280,962▼24.2% | $373,699▲68.3% | $81,028▼53.4% | $81,112▼53.3% | 990 |
| 2016 | $370,840 | $222,089 | $173,765 | $173,765 | 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.
Grants received · $1.2M total
42 grants to Project Connect Inc totaling $1.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Poverty | 2023 | $50,000 |
| Donor Advised Charitable Giving | International, foreign affairs | 2023 | $46,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $25,500 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $6,200 |
| National Christian Charitable Foundation | Poverty | 2022 | $115,000 |
| National Christian Charitable Foundation | Poverty | 2022 | $115,000 |
| Donor Advised Charitable Giving | International, foreign affairs | 2022 | $25,000 |
| The Blackbaud Giving Fund | General support | 2022 | $10,225 |
| National Christian Charitable Foundation | Poverty | 2021 | $211,799 |
| The Community Fdn of Middle Tn Inc | To support construction of tornado survivor repair/rebuild. | 2021 | $32,942 |
| Donor Advised Charitable Giving | International, foreign affairs | 2021 | $32,750 |
| The Community Fdn of Middle Tn Inc | To provide additional funds to continue the extension of employment for the construction manager overseeing all repair projects from 37208 assigned to organization. | 2021 | $20,000 |
| The Community Fdn of Middle Tn Inc | To provide 6 months of volunteer coordination for construction repair/rebuild. presently, project connect's construction team is using 10-15 volunteers daily, monday-friday (and some saturdays) | 2021 | $11,940 |
| The Community Fdn of Middle Tn Inc | To support repair/rebuild for trc0072 tornado survivor (located in 37208). | 2021 | $6,000 |
| American Online Giving Foundation Inc | General support | 2021 | $5,500 |
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Frequently asked questions
- Is Project Connect Inc a legitimate nonprofit?
- Yes. Project Connect Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4003340, based in Madison, Tennessee. Donations are tax-deductible.
- What is Project Connect Inc's EIN?
- Project Connect Inc's Employer Identification Number (EIN) is 27-4003340.
- How much revenue does Project Connect Inc report?
- Project Connect Inc reported $699,540 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Project Connect Inc have?
- CharityIndex grades Project Connect Inc C+, based on financial health (reserves and operating margin).
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Data for Project Connect Inc (EIN 27-4003340) 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.