Charity Search / PROJECT42
Religion-Related (X20) 990 on File

PROJECT42

EIN: 83-3125072 · APPLE VALLEY, MN 55124-9576 · United States · FY 2024 Data
3 out of 5 53 / 100 Based on 2+ years of filings
Financial strength (30%) 82/100
Reliability (20%) 45/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$4.0M
Total Revenue
$3.7M
Total Expenses
$1.5M
Net Assets
5
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.6%
Fundraising Efficiency N/A
Operating Reserve 4.93x
Liability-to-Asset 0.1%
Revenue Diversification 103.3%
Executive Compensation $165K
Compared with Peers
FY 2024
Compared with 1,526 similar organizations (United States, Religion-Related, $1M–$10M in expenses), FY 2024.
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
91.6% 85.5%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
6.0% 10.3%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.4% 0.9%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
4.9 mo 9.0 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.1% 5.5%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
103.3% 93.6%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
21.9% 8.2%
P10P90
Expense growth
Year over year expense growth
24.7% 8.0%
P10P90
Surplus margin
Surplus as a share of revenue
9.1% 2.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $4.0M $3.7M $1.5M 91.6% 5
2023 $3.3M $2.9M $1.1M 87.4% 5
2022 $2.4M $2.4M $769K 82.9% 5
2021 $3.5M $1.3M N/A — 2
2018 $0 $0 N/A — 1
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Organization Details
EIN
83-3125072
State
MN
City
APPLE VALLEY
ZIP
55124-9576
Classification
X20
Category
Religion-Related
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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