P โ€” Human ServicesEIN: 953147421ยท Ruling Year: 1979

Project Independence

Costa Mesa, California

BHealth Score
57B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$3.2M
Total Revenue
๐Ÿ“Š
$3.3M
Total Expenses
๐Ÿฆ
$4.4M
Net Assets
๐Ÿ“‹
$665K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-13.6%
Year-over-year change (2023 โ†’ 2024)
Net Margin
-3.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.31
Net assets divided by total expenses
Liabilities-to-Assets
13.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2024$3,222,610โ†“14%$3,343,503โ†“12%$5,041,602โ†“5%
2023$3,731,075โ†“12%$3,804,785โ†“13%$5,311,670โ†“5%
2022$4,234,113โ†“23%$4,370,852โ†“8%$5,571,219โ†“4%
2021$5,473,402โ†‘6%$4,768,329โ†“9%$5,825,383โ†“2%
2020$5,153,338โ†“3%$5,248,594โ†“2%$5,947,611โ†‘12%
2019$5,324,689โ†“5%$5,338,668โ†“5%$5,315,609โ†“3%
2018$5,597,797โ†“5%$5,645,691โ†“3%$5,461,897โ†“2%
2017$5,887,867โ†‘7%$5,836,831โ†‘2%$5,571,607โ†‘1%
2016$5,516,891โ†“4%$5,716,341โ†‘1%$5,543,022โ†“5%
2015$5,763,343โ†“8%$5,646,769โ†‘2%$5,826,122โ†‘1%
2014$6,297,041โ†‘11%$5,525,979โ†‘1%$5,778,338โ†‘8%
2013$5,650,111โ†“4%$5,479,727โ†“5%$5,356,037โ†‘4%
2012$5,875,578$5,786,131$5,127,094

Frequently Asked Questions

What does Project Independence do?โ–ผ

Project Independence is a human services nonprofit organization based in California. It is classified under NTEE code P82Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Project Independence financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Project Independence has a score of 57/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Project Independence generate?โ–ผ

Project Independence reports $3.9M in annual revenue and holds $5.6M in total assets, based on IRS filings.

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Project Independence โ€” Costa Mesa, CA | GiveScope