Favela Project Inc

Nonprofit profile at a glance

EIN
300767505
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
New York, NY, USA
Phone
9178461052
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Soccer

Reported finances

Revenue
$114,945
Expenses
$114,487
Assets
$556
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Wilson Egidio (Founder and President)

People named in this filing

  • Wilson Egidio (Founder and President)
  • Kiyoko Fuchimoto (Treasurer)
  • Raymond Bonhomme (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Favela Project Inc. was established to help improve the lives of children in underserved communities through soccer-related activities. We currently have soccer training programs for children (running multiple weekly practices that are led by a professional soccer club and participating various tournaments.) as well as provideing meals, homework assistance, after school activities, and a place to live (dormitory) if necessary. We are a very small organization and entirely rely on donations to run these programs. We continue to help these communities with the donations we receive. The exempt status will enable us to reach out to more children in need.

What it reported doing in 2024

Soccer Training Program - Favela Project assists talented soccer players in underserved communities to develop skills by running multiple sessions on a weekly basis, and participate in various soccer tournaments that can potentially lead to signing contracts with professional teams.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.6%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0.4%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 42.2% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 99.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $114K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.