The Revitalization Project EIN 27-1983994

The Revitalization Project

EIN  27-1983994 Membership association Springfield, VA Founded 2016
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/19/26 · see original filing: IRS
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Size
$1–10M
What they do
Promotes pro-growth policies and a stronger education system to build a better economy.
Leadership
Alex Melendez · President
Money in and out
$6.3M revenue, $5.8M expenses
Bottom line
+8% operating surplus

Promotes pro-growth policies and a stronger education system to build a better economy. For fiscal year 2024 it reported $6.3M in revenue, $5.8M in expenses, and $600K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$6.3M
Pt VIII · Ln 12
Total expenses
$5.8M
Pt IX · Ln 25
Net assets
$600K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $501K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+8%
revenue over expenses▲ +123% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$6.3M
FY2024▲ +538%
Expenses
$5.8M
FY2024▲ +509%
Total assets
$600K
FY2024▲ +507%
Total liabilities
$0
FY2024
Total revenue
$6.3M
Pt VIII · Ln 12
Total expenses
$5.8M
Pt IX · Ln 25
Net assets
$600K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$501K
Total assetsPt X · Ln 16$600K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

1 program service account for $5.8M of program spending, described in the organization's own filed words · FY2024.
01

Promote policies to grow the economy and improve education outcomes.

$5.8Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Revitalization Project
EINHdr · item D27-1983994
Principal addressHdr · item CSpringfield, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2016
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S31)
Ruling yearIRS BMFApr 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See The Revitalization Project executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$6.3M
Total revenueLn 12$6.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$5.8M
Total functional expensesLn 25$5.8M

Balance Sheet

Part X · end of year
CashLn 1$600K
Total assetsLn 16$600K
Total liabilitiesLn 26$0
Total net assetsLn 32$600K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $600K · Operating expenses/yr $5.8M
1.2 months
Where the money goes
Program services
Program services $5.8M · Total expenses $5.8M
100%
Management & General
Management & general $0 · Total expenses $5.8M
0%
Fundraising
Fundraising $0 · Total expenses $5.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6.3M · Total revenue $6.3M
100%
Government reliance
Government grants — · Total revenue $6.3M
Earned-income share
Program service revenue $0 · Total revenue $6.3M
0%
Investment reliance
Investment income $0 · Total revenue $6.3M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.8M
0%
Growth & trend
Revenue growth (YoY)
This year $6.3M · Prior year $982K
+538%
Revenue CAGR
FY2020 $992K · FY2024 $6.3M
+59%
Net-asset trend (YoY)
End of year $600K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.3M · Expenses $5.8M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $600K
Net-asset ratio
Net assets $600K · Total assets $600K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $600K
0%
People & payroll
Highest Reported Total Compensation
Individual Alex Melendez · Reported title President · Highest reported compensation $0 · Total expenses $5.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $5.8M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 538%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$968K
See all 3 funders →
Grants paid · 29 grants · $6.3M · 2020–2024
American Jobs and Growth PacFY2024$600,000
Building Our Future TodayFY2024$500,000
A Public Voice INCVA · FY2024$250,000
Economic Future FundDC · FY2024$225,000
Believe in Life and Libty PacFY2024$217,500
United for Clean PowerMD · FY2024$175,000
Driving Momentum INCDE · FY2024$100,000
American Values FirstFY2024$100,000
Ohio WorksVA · FY2024$85,000
Safe Michigan CommunitiesFY2024$75,000
Mountaineer Action PacFY2024$47,500
Louisiana Deserves Better PacFY2023$150,000
American Jobs and Growth FundVA · FY2022$690,000
Americans Keep Country FirstFY2022$225,000
Affordable Energy Fund PacFY2022$155,000
See all 29 grants →

Compare

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$6.3M revenue · viewing · ⤓ 990 PDF
FY2023$982K revenue · ⤓ 990 PDF
FY2022$2.5M revenue · ⤓ 990 PDF
FY2021$552K revenue · ⤓ 990 PDF
FY2020$992K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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