Projectigive Inc
Nonprofit profile at a glance
- EIN
- 472966856
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Charlotte, NC, USA
- Phone
- 8778295500
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $231,889
- Expenses
- $268,578
- Assets
- $6,385
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- RONNELL INGRAM (CEO OFFICER)
- LADREA INGRAM (EXECUTIVE DIRECTOR ACADEMIC BOARD M)
People named in this filing
- RONNELL INGRAM (CEO OFFICER)
- LADREA INGRAM (EXECUTIVE DIRECTOR ACADEMIC BOARD M)
- OBRA HOGANS (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Projectigive nbsp; supports nbsp; and nbsp; engages nbsp; in nbsp; social nbsp; venture nbsp; projects nbsp; that nbsp; seek nbsp; to nbsp; improve nbsp; the nbsp; social nbsp; well-being nbsp; of nbsp; local nbsp; communities nbsp; our nbsp; main nbsp; target nbsp; areas nbsp; include nbsp; education nbsp; health nbsp; amp; nbsp; wellness nbsp; social nbsp; justice nbsp; and nbsp; strengthening nbsp; families nbsp; we nbsp; seek nbsp; to nbsp; explore nbsp; opportunities nbsp; to nbsp; engage nbsp; in nbsp; meaningful nbsp; action nbsp; towards nbsp; bringing nbsp; economic nbsp; social nbsp; justice nbsp; health nbsp; and nbsp; education nbsp; change nbsp; to nbsp; all
What it reported doing in 2024
The gatherings network supporting six local churches with capacity building grants technical assistance and providing digital and data support. Supporting close to 1000 charlotte nc communities and families.
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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 26
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.3%; rating input score 78
- Program expense ratio: 67.6%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 17th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -15.8%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 92% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 24.4% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 78.3% of revenue deployed · 67.6% of spending went to programs
- Governance: 3 of 5 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $185K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.