Quick charity verification for Pmt Foundation Inc (EIN: 208091491)
Verdict: Pmt Foundation Inc has notable concerns
35/100Mission Score
$0Revenue
$0Assets
4Red Flags
2Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
Consistent deficit spending over multiple years (e.g., $6,316 revenue vs. $23,034 expenses in 2019).
Significant decline in assets from $143,255 in 2012 to $0 currently.
Lack of detailed expense breakdown to assess program efficiency.
Strengths
No officer compensation reported, indicating a volunteer-led or very lean executive structure.
No reported liabilities across all filings, suggesting good debt management.
Spending Breakdown
How Pmt Foundation 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 Pmt Foundation Inc
Is Pmt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pmt Foundation Inc (EIN: 208091491) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Pmt Foundation Inc a good charity to donate to?
Pmt Foundation Inc has a Mission Score of 35/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Pmt Foundation Inc?
The Employer Identification Number (EIN) for Pmt Foundation Inc is 208091491. 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 Pmt Foundation Inc spend its money?
Pmt Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Pmt Foundation Inc's tax-exempt status?
You can verify Pmt Foundation Inc's tax-exempt status using EIN 208091491 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
Pmt Foundation Inc. exhibits a concerning financial trend, with its latest filing showing $0 in both revenue and assets, indicating potential dormancy or significant operational changes. Historically, the organization has operated with modest revenues, often less than its expenses, leading to a gradual decline in assets from $143,255 in 2012 to $0 currently. This consistent deficit spending, where expenses frequently outstrip revenue (e.g., $6,316 revenue vs. $23,034 expenses in 2019), raises questions about its long-term sustainability and funding model.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent expenditure levels (often around $22,000-$23,000 annually in recent years) despite fluctuating and often low revenues suggest a fixed cost structure that the organization has struggled to cover. The absence of officer compensation throughout its filing history indicates a volunteer-led or very lean executive structure, which can be a positive for efficiency if other costs are well-managed.
Transparency, based on the provided data, is limited to the top-line financial figures. Without information on specific program activities, detailed expense categories, or governance practices, a comprehensive assessment of its transparency is challenging. The sudden drop to $0 in revenue and assets in the latest period, following years of consistent, albeit low, activity, warrants further investigation to understand the organization's current status and future viability.