Skip to content

South Carolina · Nonprofit

THE FORMATION PROJECT

THE FORMATION PROJECT (South Carolina) receives grants from 25 organizations whose IRS filings report $611,271 to it, the largest being THE SPRAY FOUNDATION INC ($100,000). 16 of them have funded it in more than one year.

Revenue FY2024
$1.0M
Funders on record
25
Grants received
$611k
Net assets
$604k
16/25 repeat funderspeak grant-dependency 17%
01What it does

What The Formation Project does

Mission

The Formation Project's mission is to provide access to safety, stability, and connection. We strive to build a resilient community free from exploitation by providing social services to survivors of human trafficking.

As stated on its FY2024 Form 990.

Program

  1. The organization served 68 survivors, facilitated 500+ nights of emergency shelter, started the opening of 2 shelter locations, and established standard operating procedures for case management.

    $545,741 spentof which $100 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $545,741.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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.

100 = 20202020 Revenue 100 ($92k) Expenses 100 ($76k) Net assets 100 ($17k)2021 Revenue 432 ($399k) Expenses 592 ($451k) Net assets -203 ($-34797)2022 Revenue 900 ($832k) Expenses 825 ($629k) Net assets 1137 ($195k)2023 Revenue 881 ($815k) Expenses 1038 ($792k) Net assets 1273 ($218k)2024 Revenue 1128 ($1.0M) Expenses 860 ($656k) Net assets 3534 ($604k)
20202021202220232024
Revenue (1128)Expenses (860)Net assets (3534)Peer revenue range

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 $218k to $882k (+304%).

$17k
$28k
$195k
$218k
$882k
20202021202220232024
Total assetsTotal liabilities

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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 51% · 2022 61% · 2023 33% · 2024 22%. Grants only. Government contracts and fees sit inside program revenue.

101% of THE FORMATION PROJECT’s revenue is contributions — more reliant on donations than three-quarters of its peers (81% for the typical peer).

This organization
Typical peer · 11,793 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$16k
’20
−$52k
’21
$203k
’22
$23k
’23
$387k
’24
5.1
months of
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

Brooke Burris

CEO

Board chair

Carl Hansson

Chair

As listed on its FY2024 Form 990.

20202021202220232024
Listed5791311
Joined·+2+4+5+0
No longer listed·0212
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 2 funders to 11 funders, grant income rose $6k → $135k.

8 of 25 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 44% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $474k from one payer (the payer shares this organization's board, largest Lincoln Tubman Foundation). These are real filings, and they are not money THE FORMATION PROJECT raised.

From the IRS filings of THE FORMATION PROJECT’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

THE FORMATION PROJECT has a broad base — no single funder exceeds 16% of grant income, and it takes 5 funders to reach half.

the vertical line marks half of all grant income — 5 funders to its left

55% 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 THE FORMATION PROJECT.

16%
largest funder
41%
top three
~11
effective funders

Largest funder’s share by year: 2021 99% · 2022 17% · 2023 25% — 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

THE FORMATION PROJECT draws 72% of its grant income from funders outside South Carolina, across 9 states in all.

NH
WA
NY
KY
AZ
NC
SC
DC
TX

In-state vs out-of-state, by year

’21
’22
’23
South Carolina out of state home

Funder states come from each funder’s own filing. $269k arriving through sponsors registered in 8 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.

04Its place in the field

Against its field

THE FORMATION PROJECT runs a healthier operating margin than three-quarters of the 11,263 human services nonprofits its size.

Operating margin37% · top quartile
Months of reserve5.1mo · above the median
Revenue growth (annualized)83% · top quartile

this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024

Government funding THE FORMATION PROJECT receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $800k on record.

Federal$800k
grants $800kcontracts $0
Top agencies
  • Department of Justice$800k

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 THE FORMATION PROJECT

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 South Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 11%Fundraising 6%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

91%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

SC

Part of a family of 2 related entities

  • Peggy 7644 LLC · disregarded
  • Lincoln Tubman Foundation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE FORMATION PROJECT: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 THE FORMATION PROJECT?
THE FORMATION PROJECT (South Carolina) receives grants from 25 organizations whose IRS filings report $611,271 to it, the largest being THE SPRAY FOUNDATION INC ($100,000). 16 of them have funded it in more than one year.
How many funders does THE FORMATION PROJECT have?
IRS filings report 25 organizations giving $611,271 in grants to THE FORMATION PROJECT, 16 of which have funded it in more than one year.
Who is the largest funder of THE FORMATION PROJECT?
THE SPRAY FOUNDATION INC is the largest funder on record, with $100,000 in grants. The full list of funders is on this page.
How can an organization like THE FORMATION PROJECT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Formation Project →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 25 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 14, 2026. What this page cannot tell you · view filing