Animal-Related (D20) IRS Verified DX Registered 990 on File

PROJECT 2 HEAL

EIN: 27-4525208 · WAXHAW, NC 28173-9429 · United States · FY 2025 Data

3 out of 5 50 / 100 Based on 2+ years of filings

Financial strength (30%) 78/100

Reliability (20%) 50/100

Effectiveness (25%) 68/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 10/18/2026

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Mission Statement

Project 2 Heal's mission is to breed, nurture and train Labrador Retrievers to provide healing for those with physical and emotional challenges.

Financial Overview — FY 2025

$699K

Total Revenue

$504K

Total Expenses

$595K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 66.7%

Fundraising Efficiency 43.5%

Operating Reserve 14.17x

Liability-to-Asset 18.1%

Revenue Diversification 41.1%

Executive Compensation $11K

Compared with Peers

FY 2025

Compared with 2,476 similar organizations (United States, Animal-Related, $100K–$1M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	66.7%	91.5%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	17.7%	6.6%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	13.8%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	43.5%	5.7%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	14.2 mo	10.3 mo	P10P90	Above median
Liabilities to assets Total liabilities / total assets · lower is better	18.1%	0.2%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	41.1%	88.8%	P10P90	Top quarter
Revenue growth Year over year revenue growth	60.2%	6.0%	P10P90
Expense growth Year over year expense growth	39.8%	8.0%	P10P90
Surplus margin Surplus as a share of revenue	27.9%	3.1%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$699K	$504K	$595K	66.7%	4
2024	$436K	$360K	$400K	70.5%	2
2023	$402K	$397K	$324K	100.0%	15
2022	$379K	$364K	$319K	100.0%	18
2021	$330K	$289K	N/A	—	15

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Organization Details

EIN: 27-4525208
State: NC
City: WAXHAW
ZIP: 28173-9429
Classification: D20
Category: Animal-Related
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2011
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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