Formation Project
N Charleston, South Carolina
B+Health Score
65B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$815K
Total Revenue
📊
$792K
Total Expenses
🏦
$218K
Net Assets
📋
$300
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-2.1%
Year-over-year change (2022 → 2023)
Net Margin
+2.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.27
Net assets divided by total expenses
Liabilities-to-Assets
0.1%
Total liabilities as % of total assets
Filing History
4 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $814,974↓2% | $791,974↑26% | $217,987↑12% | — |
| 2022 | $832,145↑108% | $629,311↑39% | $194,537↑603% | — |
| 2021 | $399,441↑332% | $451,343↑492% | $27,680↑62% | — |
| 2020 | $92,494 | $76,274 | $17,105 | — |
Frequently Asked Questions
What does Formation Project do?▼
Formation Project is a human services nonprofit organization based in South Carolina. It is classified under NTEE code P80 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Formation Project financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Formation Project.
How much revenue does Formation Project generate?▼
Formation Project reports $1.0M in annual revenue and holds $882K in total assets, based on IRS filings.
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