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Project Innerspace Inc

EIN 87-3285334 · Boston, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong93 out of 100Impact evidenceIndependently evaluatedHow well its results are evidenced

What it says it does

SEE SCHEDULE O

Income
$23.1 million
Spending
$11.3 million
Spent on programs
87%
Reserves
17.5 months of spending
Largest source of income
donations and private grants, 86%
Employees
0
Volunteers
0
Highest pay
$505,260, founder & executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 88% of charities in its peer group (environment, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 17.5 months of spending.

  • Debt

    20 of 20

    It owes 7% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 51% of income.

  • Income trend

    15 of 15

    Income rose 205% on the year before.

  • Spending floor

    15 of 15

    87% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 93 out of 100. Higher than 27% of charities in its peer group (environment, $10m to $100m).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Independently evaluated. An independent evaluator has assessed its work and recommends it.

  • Giving Green: Named a top climate nonprofit. See the evaluation Checked September 29, 2026.

Results it reports

  • Built GeoMap, a web-based global geothermal resource and prospecting map with 400+ layers of data.Work delivered

Read from the return by an AI model and shown only where the wording was found in the return. These are the charity's own figures.

Programs described in its return (4)
  1. $3.8 million spent. GEODE - THE GEOTHERMAL ENERGY FROM OIL AND GAS DEMONSTRATION ENGINEERING PROJECT (GEODE) IS A U.S. DEPARTMENT OF ENERGY PROJECT JOINTLY MANAGED BY PROJECT INNERSPACE AND THE SOCIETY OF PETROLEUM ENGINEERS TO CONVENE STAKEHOLDERS ACROSS GEOTHERMAL AND OIL AND GAS SECTORS TO FACILITATE TECHNOLOGY TRANSFER FROM OIL AND GAS TO GEOTHERMAL, CREATE OPEN-ACCESS DATABASES TO IDENTIFY DEMONSTRATION PROJECTS, IDENTIFY POLICY AND FINANCIAL BARRIERS, AND SUPPORT WORKFORCE GROWTH.
  2. $2.0 million spent. GEO MAP - PROJECT INNERSPACE BUILT GEOMAP, A WEB-BASED, GLOBAL GEOTHERMAL RESOURCE AND PROSPECTING MAP WITH 400+ LAYERS OF DATA, EVALUATED BY HUNDREDS OF SCIENTISTS TO SERVE AS A DEVELOPMENT GUIDE FOR SITING GEOTHERMAL RESOURCES. GEOMAP IS USED BY THOUSANDS OF ENGINEERS, SCIENTISTS, BUSINESS LEADERS, POLICY-MAKERS, ACADEMICS, AND GEOTHERMAL DEVELOPERS AROUND THE WORLD, INCLUDING MAJOR OIL AND GAS AND TECH INDUSTRY COMPANIES.
  3. $997,368 spent. OUTREACH/GEOTHERMAL HOUSE - PROJECT INNERSPACE BUILDS THE SOCIAL LICENSE OF GEOTHERMAL AROUND THE WORLD THROUGH UNIQUE EVENTS THAT HIGHLIGHT GEOTHERMAL AS THE SUPER-HOT FUTURE OF ENERGY AND LAUNCH CONVERSATIONS THAT HELP OVERCOME A POLARIZED ENERGY LANDSCAPE. OUR FLAGSHIP "GEOTHERMAL HOUSE" CONCEPT BLENDS ART AND SCIENCE INTO AN IMMERSIVE EDUCATIONAL EXPERIENCE WITH BROAD APPEAL, FEATURING OUR NEWLY DEVELOPED "JOURNEY TO THE CENTER OF THE EARTH" GEOTHERMAL VR EXPERIENCE, GEOMAP DEMONSTRATIONS, INNOVATION SHOWCASES, AND OTHER ACTIVITIES. IN 2024 AND 2025, PROJECT INNERSPACE HOSTED GEOTHERMAL HOUSES IN NEW YORK CITY, AUSTIN, TEXAS, SAN FRANCISCO, WASHINGTON D.C., DAVOS, SWITZERLAND, AND NAIROBI, KENYA.
  4. $3.0 million spent. PROJECT INNERSPACE OPERATES PROGRAMS ACROSS THE GLOBE THAT BUILD ECOSYSTEMS AND INCUBATE INNOVATION BY UNITING DECISION-MAKERS, INDUSTRY EXPERTS, AND RESEARCHERS TO REMOVE BARRIERS TO GEOTHERMAL GROWTH AND DEMONSTRATING THE POTENTIAL OF FIRST-OF-A-KIND NEXT-GENERATION GEOTHERMAL TECHNOLOGY TO PRODUCE ELECTRICITY, INDUSTRIAL HEAT, AND COOLING. THROUGH GLOBAL PARTNERSHIPS, TECHNICAL STUDIES, AND STAKEHOLDER ENGAGEMENT, INNERSPACE HELPS CATALYZE NEW MARKETS AND UNLOCK SUSTAINABLE ENERGY DEVELOPMENT WORLDWIDE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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.

  2. 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 October 13, 2026.

  3. 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.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 October 21, 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.