Quick charity verification for Pssi Washington Inc (EIN: 113792466)
Verdict: Pssi Washington Inc appears trustworthy
85/100Mission Score
$644KRevenue
$1.2MAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 2023 ($538,367 expenses vs. $519,297 revenue) and 2022 ($456,393 expenses vs. $136,153 revenue), indicating operating deficits in those periods.
Significant year-over-year revenue volatility, such as the drop from $859,716 in 2021 to $136,153 in 2022, could indicate reliance on unpredictable funding sources.
Strengths
Consistent reporting of 0% officer compensation across all 13 filings, indicating efficient use of funds at the leadership level.
Strong and growing asset base, reaching $1,159,538 in 2023, demonstrating financial stability and capacity.
Long history of IRS 990 filings (13 filings), indicating a high level of transparency and compliance.
Low liabilities relative to assets, with liabilities at $4,869 in 2023, suggesting good financial management and low debt burden.
Spending Breakdown
How Pssi Washington Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Pssi Washington Inc
Is Pssi Washington Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pssi Washington Inc (EIN: 113792466) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Pssi Washington Inc a good charity to donate to?
Pssi Washington Inc has a Mission Score of 85/100. Revenue: $644K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Pssi Washington Inc?
The Employer Identification Number (EIN) for Pssi Washington Inc is 113792466. 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 Pssi Washington Inc spend its money?
Pssi Washington Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Pssi Washington Inc's tax-exempt status?
You can verify Pssi Washington Inc's tax-exempt status using EIN 113792466 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
PSSI Washington Inc. demonstrates a generally stable financial position with assets consistently exceeding liabilities, indicating good solvency. Over the past five years, the organization has shown fluctuating revenue, peaking at $896,482 in 2020 and most recently reporting $519,297 in 2023. Expenses have also varied, with the latest filing showing expenses of $538,367, slightly exceeding revenue. The organization's financial health appears sound, with a healthy asset base of $1,159,538 in 2023.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing overhead in this area. This practice generally indicates a higher proportion of funds potentially directed towards programmatic activities.
Transparency is strong given the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical financial record. The absence of officer compensation is a notable positive indicator for transparency and efficient use of funds, as it suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which would typically be disclosed.