Project Gurnet & Bug Lights Inc is a 501(c)(3) organization based in Duxbury, Massachusetts, registered in 1988, with $99,376 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$99K
▲ 16.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$107K
Net assets
$1.0M
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 Gurnet & Bug Lights 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 Gurnet & Bug Lights Inc: 113 mo reserves · -7% margin earns a B+ 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 Gurnet & Bug Lights 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 Gurnet & Bug Lights Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $44K (FY2013) to $99K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-7.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.0M
Total liabilities
$6,470
Net assets
$1.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $99,376▲16.2% | $106,591▲50.2% | $1,003,145▲1.0% | $1,009,615▲0.8% | 990 |
| 2023 | $85,522▼2.8% | $70,958▲70.0% | $993,405▼0.3% | $1,001,758▼0.1% | 990 |
| 2022 | $88,018▲9.8% | $41,750▼23.8% | $996,239▲4.9% | $1,002,709▲4.8% | 990 |
| 2021 | $80,154▲167% | $54,780▲27.1% | $949,971▲2.7% | $957,191▲2.5% | 990 |
| 2020 | $30,070▼79.5% | $43,104▼41.4% | $924,596▼1.4% | $933,916▼0.4% | 990 |
| 2019 | $146,997▲65.3% | $73,515▲17.5% | $937,631▲10.5% | $937,631▲9.9% | 990 |
| 2017 | $88,929▲4.0% | $62,583▲34.3% | $848,615▲6.3% | $852,892▲6.5% | 990PF |
| 2016 | $85,501▼81.5% | $46,585▼36.2% | $798,391▲9.2% | $800,855▲9.4% | 990PF |
| 2015 | $461,668▲954% | $73,053▲26.3% | $731,037▲105% | $731,749▲106% | 990PF |
| 2013 | $43,815 | $57,860▲35.8% | $355,855▲0.6% | $355,855▲0.6% | 990PF |
| 2012 | — | $42,608▲26.1% | $353,678▲34.0% | $353,678▲34.0% | 990PF |
| 2011 | — | $33,778▲4.9% | $264,024▲16.9% | $264,024▲16.9% | 990PF |
| 2010 | — | $32,199 | $225,882 | $225,882 | 990PF |
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.
2 grants to Project Gurnet & Bug Lights Inc totaling $17K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $8,350 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $8,350 |
Explore more
Data for Project Gurnet & Bug Lights Inc (EIN 04-2797177) 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.