XReligion-RelatedEIN: 812188516· Ruling Year: 2016

Project 58

Lexington, North Carolina

B-Health Score
53B-

Financial Health Score

8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.

Average

💰
$572K
Total Revenue
📊
$585K
Total Expenses
🏦
$4.3M
Net Assets
📋
$3K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-86.2%
Year-over-year change (2021 → 2022)
Net Margin
-2.3%
Revenue minus expenses as % of revenue
Working Capital Ratio
7.34
Net assets divided by total expenses
Liabilities-to-Assets
0.1%
Total liabilities as % of total assets

Filing History

7 filings on record
YearRevenueExpensesAssets
2022$571,74286%$585,06467%$4,299,600
2021$4,143,0786273%$1,751,023275%$4,313,582132%
2020$65,00992%$466,49515%$1,861,49918%
2019$820,263103%$546,15414%$2,262,19414%
2018$403,610114%$477,16159%$1,985,9644%
2017$188,57592%$300,723135%$2,060,8755%
2016$2,299,380$127,717$2,171,738

Frequently Asked Questions

What does Project 58 do?

Project 58 is a religion-related nonprofit organization based in North Carolina. It is classified under NTEE code X20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Project 58 financially healthy?

Financial health scoring requires Form 990 filing data. Check back as we process more filings for Project 58.

How much revenue does Project 58 generate?

Revenue data for Project 58 is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.

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