Is Philanthropic Planning Group Of Greater New York Inc Legit?
Quick charity verification for Philanthropic Planning Group Of Greater New York Inc (EIN: 134082464)
Verdict: Philanthropic Planning Group Of Greater New York Inc shows mixed signals
65/100Mission Score
$210KRevenue
$58KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending in recent years (e.g., 2023 expenses $254,763 vs. revenue $210,615; 2022 expenses $201,402 vs. revenue $146,930).
Significant decline in assets from $211,885 in 2020 to $94,085 in 2023, indicating a depletion of financial reserves.
Strengths
Consistent filing of IRS Form 990s, indicating transparency.
Reported 0% officer compensation across all filings, suggesting efficient use of funds at the executive level or a volunteer-led structure.
Long operational history with 13 filings, demonstrating sustained activity.
Spending Breakdown
How Philanthropic Planning Group Of Greater New York Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Philanthropic Planning Group Of Greater New York Inc
Is Philanthropic Planning Group Of Greater New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Philanthropic Planning Group Of Greater New York Inc (EIN: 134082464) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Philanthropic Planning Group Of Greater New York Inc a good charity to donate to?
Philanthropic Planning Group Of Greater New York Inc has a Mission Score of 65/100. Revenue: $210K. Assets: $58K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Philanthropic Planning Group Of Greater New York Inc?
The Employer Identification Number (EIN) for Philanthropic Planning Group Of Greater New York Inc is 134082464. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Philanthropic Planning Group Of Greater New York Inc spend its money?
Philanthropic Planning Group Of Greater New York Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Philanthropic Planning Group Of Greater New York Inc's tax-exempt status?
You can verify Philanthropic Planning Group Of Greater New York Inc's tax-exempt status using EIN 134082464 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Philanthropic Planning Group Of Greater New York Inc (PPGGNY) demonstrates a mixed financial picture. While the organization has consistently reported revenue and expenses over the past decade, recent filings show a trend of expenses exceeding revenue. For instance, in 2023, expenses were $254,763 against revenues of $210,615, and in 2022, expenses were $201,402 against revenues of $146,930. This indicates a reliance on prior year reserves or other funding sources to cover operational costs, leading to a decline in assets from $211,885 in 2020 to $94,085 in 2023. The organization's NTEE code T19 suggests it is involved in philanthropic planning, which typically involves educational and networking activities for professionals. Without detailed expense breakdowns from the 990s, it's challenging to fully assess spending efficiency, but the consistent deficit spending is a concern.
Transparency appears to be adequate given the regular filing of IRS Form 990s. The consistent reporting of 0% officer compensation is a positive indicator regarding executive pay, suggesting a volunteer-led or very lean administrative structure at the top. However, the overall financial health is trending downwards, with assets decreasing and liabilities fluctuating. The organization's ability to sustain its operations in the long term will depend on reversing the trend of deficit spending and rebuilding its asset base. Further analysis of program service accomplishments and detailed expense categories would provide a more complete understanding of its impact and efficiency.