Undies Project Inc
Nonprofit profile at a glance
- EIN
- 814243048
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Cos Cob, CT, USA
- Phone
- 2038698249
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $120,664
- Expenses
- $118,555
- Assets
- $71,375
- Liabilities
- $1,075
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- VIRGINIA CHENEY (Secretary)
- MARIA CHENG (Treasurer)
- EDGAR DELAFLOR (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the undies project, inc. Is to provide new underwear to men, women and children in need to improve their lives. They also educate communities about this true, unmet need.underwear is the most under-donated, and most needed, item of clothing. No one should be deprived of the simple, daily necessity of clean underwear that many of us take for granted.hygiene and physical comfort are only part of this basic human need. New, clean underwear also provides dignity and self esteem. For many, underwear is a necessity, not a luxury.
What it reported doing in 2024
In-kind donation of underwear to other organizations for distribution to men, women and children in need.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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: 85
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.8%; rating input score 85
- Program expense ratio: 86.3%; rating input score 86
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.7%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 27.3% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 0.7% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 27.1% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 84.8% of revenue deployed · 86.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $102K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- 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.
- Moderate — Sustainability: Operating margin scored 39/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.