Project World EIN 46-4436680

Project World

EIN  46-4436680 Public charity (501(c)(3)) Bremen, GA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Builds homes and community facilities in Honduras, providing essential resources for local residents.
Leadership
Marty Smith · Chairman of the Board
Money in and out
$367K revenue, $313K expenses
Bottom line
100% program efficiency

Builds homes and community facilities in Honduras, providing essential resources for local residents. For fiscal year 2025 it reported $367K in revenue, $313K in expenses, and $144K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$367K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
5.5mo
months of highly liquid reserves at operating expense rate▼ -19% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▼ -32% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$367K
FY2025▼ -4%
Expenses
$313K
FY2025▲ +4%
Total assets
$144K
FY2025▼ -45%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$367K
Pt VIII · Ln 12
Total expenses
$313K
Pt IX · Ln 25
Net assets
$144K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$144K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $313K of program spending, described in the organization's own filed words · FY2024.
01

Funding christian missions to honduras for the purpose of providing funds, materials and labor to help build homes and community facilities that provide food, clothing, medical supplies, and other neccessities for local community members.

$313Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject World
EINHdr · item D46-4436680
Principal addressHdr · item CBremen, GA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S01)
Ruling yearIRS BMFJan 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman of the Board
$0Pt VII · Sec A
Secretarytreasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$367K
Total revenueLn 12$367K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$313K
Total functional expensesLn 25$313K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$144K
Total liabilitiesLn 26$0
Total net assetsLn 32$144K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $144K · Operating expenses/yr $313K
5.5 months
Where the money goes
Program services
Program services $313K · Total expenses $313K
100%
Management & General
Management & general $0 · Total expenses $313K
0%
Fundraising
Fundraising $0 · Total expenses $313K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $341K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $367K · Total revenue $367K
100%
Government reliance
Government grants — · Total revenue $367K
Earned-income share
Program service revenue $0 · Total revenue $367K
0%
Investment reliance
Investment income $0 · Total revenue $367K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $313K
0%
Growth & trend
Revenue growth (YoY)
This year $367K · Prior year $384K
-4%
Revenue CAGR
FY2020 $94K · FY2024 $367K
+41%
Net-asset trend (YoY)
End of year $144K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $367K · Expenses $313K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $144K
Net-asset ratio
Net assets $144K · Total assets $144K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $144K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marty Smith · Reported title CHAIRMAN OF THE BOARD · Highest reported compensation $0 · Total expenses $313K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $313K
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 -4%
Legal 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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

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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
FY2025 (Latest)$367K revenue · viewing · ⤓ 990 PDF
FY2024$384K revenue · ⤓ 990 PDF
FY2023$273K revenue · ⤓ 990 PDF
FY2022$60K revenue · ⤓ 990 PDF
FY2021$94K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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