Project Ready
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 30% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
Organizational Transition & Stewardship: During the fiscal year Project Ready successfully completed the responsible wind-down of its charitable operations while fulfilling existing programmatic commitments and stewarding organizational resources. The organization prioritized responsible fiscal management grant compliance preservation of programmatic assets and thoughtful transition planning to maximize the long-term impact of its work and ensure continuity of its mission through future community initiatives.
- Income
- $68,157
- Spending
- $532,748
- Spent on programs
- 30%
- Reserves
- 0.7 months of spending
- Largest source of income
- donations and private grants, 49%
- Employees
- 2
- Volunteers
- 0
- Highest pay
- $231,215, executive director
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 24 out of 100. Higher than 5% of charities in its peer group (education, under $250k).
Reserves
4 of 35Spendable reserves would cover 0.7 months of spending.
Debt
20 of 20It owes 12% of what it owns.
Living within its means
0 of 15Spending exceeded income by 682% of income.
Income trend
0 of 15Income fell 95% on the year before.
Spending floor
0 of 1530% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 92% of charities in its peer group (education, under $250k).
Independent board
25 of 253 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $157,740 spent. Civic Education & Youth Engagement: Project Ready NJ continued to provide civic education opportunities for young people through interactive programming that promoted civic participation leadership and community engagement. The organization completed implementation of the Voting Power Experience Pop-Up Museum and supported youth-centered civic learning initiatives designed to strengthen students understanding of democracy voting rights and social responsibility. Media Storytelling & Civic Dialogue: Project Ready expanded its storytelling initiatives by producing and distributing multimedia content that elevated conversations around belonging civic engagement education and democracy. Through interviews digital media production documentary storytelling and public dialogue the organization amplified diverse community voices and created accessible civic education resources for broader public engagement. Community Engagement & Leadership Development: Project Ready operated community-based programming that convened nonprofit leaders educators advocates students and residents through workshops networking events leadership conversations and educational forums. Programming emphasized collaboration community leadership and strengthening civic participation while creating opportunities for relationship-building across sectors. Youth Leadership & Student Organizing: Through strategic partnerships with schools and community organizations Project Ready continued supporting youth leadership development and student organizing initiatives. Students participated in civic engagement activities voter outreach school climate initiatives public speaking leadership development and community organizing experiences that strengthened their civic knowledge and leadership capacity. Organizational Transition & Stewardship: During the fiscal year Project Ready successfully completed the responsible wind-down of its charitable operations while fulfilling existing programmatic commitments and stewarding organizational resources. The organization prioritized responsible fiscal management grant compliance preservation of programmatic assets and thoughtful transition planning to maximize the long-term impact of its work and ensure continuity of its mission through future community initiatives.
Source: Form 990 for the year ending June 30, 2026, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2026.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.