Massachusetts · Nonprofit
PROJECT INNERSPACE INC
PROJECT INNERSPACE INC (Massachusetts) receives grants from 23 organizations whose IRS filings report $24,302,424 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($15,112,613). 11 of them have funded it in more than one year, and 78% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $23M
- Funders on record
- 23
- Grants received
- $24M
- Net assets
- $17M
What Project Innerspace Inc does
Mission
To make the production of clean, always-on geothermal energy possible anywhere in the world by 2030.
As stated on its FY2024 Form 990.
Programs
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.
$3,823,226 spentof which $452,900 as grants39% of program spendingGeo 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.
$2,037,047 spentof which $1,191,525 as grants$90,000 earned by the program21% of program spendingOutreach/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.
$997,368 spent10% of program spendingProject 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.
$2,997,812 spentof which $233,140 as grants$-5,858 earned by the program30% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $9,855,453.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.9M to $18M (+266%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2024 11%. Grants only. Government contracts and fees sit inside program revenue.
97% of PROJECT INNERSPACE INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (87% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jamie Beard
Founder & executive director
As listed on its FY2024 Form 990.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 10 funders, grant income rose $1.1M → $2.2M.
6 of 23 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 78% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PROJECT INNERSPACE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROJECT INNERSPACE INC leans on a few funders — its largest provides 62% of grant income and the top three 91%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
79% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROJECT INNERSPACE INC.
Largest funder’s share by year: 2022 100% · 2023 67% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
78% of PROJECT INNERSPACE INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $5.4M that is directly attributable, 72% of it comes from Massachusetts funders.
Funder states come from each funder’s own filing. $19M arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROJECT INNERSPACE INC runs a healthier operating margin than three-quarters of the 330 environment nonprofits its size.
this organization peer median middle 50% of peers· 330 environment nonprofits $10M–$100M, FY2024
Government funding PROJECT INNERSPACE INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $7.8M on record.
- Department of Energy$7.8M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PROJECT INNERSPACE INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for PROJECT INNERSPACE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROJECT INNERSPACE INC?
- PROJECT INNERSPACE INC (Massachusetts) receives grants from 23 organizations whose IRS filings report $24,302,424 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($15,112,613). 11 of them have funded it in more than one year, and 78% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does PROJECT INNERSPACE INC have?
- IRS filings report 23 organizations giving $24,302,424 in grants to PROJECT INNERSPACE INC, 11 of which have funded it in more than one year.
- Who is the largest funder of PROJECT INNERSPACE INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $15,112,613 in grants. The full list of funders is on this page.
- How can an organization like PROJECT INNERSPACE INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 23 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing