Project Innerspace
Project Innerspace reported $23.1 million in revenue and $11.3 million in expenses for calendar year 2024. Of every $100 it spent, $87.12 went to program services, $9.18 to management and general costs and $3.70 to fundraising. Its largest source of revenue was contributions and grants: 97.0% of the total. Government grants made up 10.8%. The highest compensation it reported for one person was $505,260 (FOUNDER & EXECUTIVE DIRECTOR). 8 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $23M- Contributions & grants (non-government)$86.16 $20M
- Government grants$10.77 $2.5M
- Program service revenue$0.39 $90,000
- Investment income$2.68 $620K
Other revenue was negative: −$5,858. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.1% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.2% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.7% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.0% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.8% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.4% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $505,260 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.47% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 8 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.5 | 18.8 |
| Independent voting board members Part VI 1a–1b | 2 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseGeode - 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
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
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FOUNDER & EXECUTIVE DIRECTOR Director/trustee, officer, 50.00 hrs/week | $486,268 | $0 | $18,992 | $505,260 |
| VICE PRESIDENT, OPERATIONS & GENERAL COUNSEL Highest compensated employee, 40.00 hrs/week | $211,538 | $0 | $9,698 | $221,236 |
| DIRECTOR OF INNOVATION & GROWTH Highest compensated employee, 40.00 hrs/week | $156,923 | $0 | $29,812 | $186,735 |
| VICE PRESIDENT, PROGRAMS, POLICY & STRATEGY Highest compensated employee, 40.00 hrs/week | $179,560 | $0 | $0 | $179,560 |
| DIRECTOR OF TECHNOLOGY Highest compensated employee, 40.00 hrs/week | $169,999 | $0 | $8,441 | $178,440 |
| DIRECTOR OF STRATEGIC INITIATIVES Highest compensated employee, 40.00 hrs/week | $164,053 | $0 | $0 | $164,053 |
8 people received more than $100,000 in reportable compensation from Project Innerspace (Part VII, line 2). Compensation of current officers, directors and key employees totaled $505K (Part IX, line 5).
3 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| FOLEY HOAG LLP Legal | $280,242 |
| YPTC Accounting | $235,349 |
| BIOSPHERIC AI LLC Consulting | $189,930 |
| SMITA SATIANI Programming | $141,899 |
Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Project Innerspace totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Project Innerspace's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Project Innerspace, you can publish a response that is linked from this page.
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Of every $100 Project Innerspace spent in 2024, $87.12 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Guided DiscoveriesSan Clemente, CA · revenue $23M · programs 79.2% · FY2025
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- Climate Policy InitiativeSan Francisco, CA · revenue $23M · programs 90.8% · 2024
- Council on the EnvironmentNew York, NY · revenue $24M · programs 74.4% · FY2025
- Ecology Action of Santa CruzSanta Cruz, CA · revenue $22M · programs 77.5% · 2025
All environment charities · Largest charities in Massachusetts
Questions people ask
How much of Project Innerspace's spending goes to programs?
In calendar year 2024, Project Innerspace reported that 87.1% of its $11.3 million in expenses went to program services, 9.2% to management and general and 3.7% to fundraising (Form 990, Part IX).
How much does Project Innerspace pay its top executive?
The largest total compensation Project Innerspace reported for one person in calendar year 2024 was $505,260, for the role of FOUNDER & EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Project Innerspace get its money?
Of $23.1 million in revenue in calendar year 2024, 97.0% came from contributions and grants (including 10.8% from government grants) and 0.4% from program service revenue (Form 990, Part VIII).
Is Project Innerspace a registered charity?
The IRS lists EIN 87-3285334 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349301839 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202442819349302359 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332149349300608 · read the filing
All filings for EIN 87-3285334: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.