Quick charity verification for Public Assets Institute Inc (EIN: 161703662)
Verdict: Public Assets Institute Inc appears trustworthy
90/100Mission Score
$544KRevenue
$425KAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the latest filing (202306), with expenses exceeding revenue by $26,778.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Significant growth in assets over the past five years, from $159,550 in 201806 to $490,161 in 202306.
Low liabilities relative to assets, indicating a healthy balance sheet.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and good governance.
Spending Breakdown
How Public Assets Institute 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 Public Assets Institute Inc
Is Public Assets Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Public Assets Institute Inc (EIN: 161703662) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Public Assets Institute Inc a good charity to donate to?
Public Assets Institute Inc has a Mission Score of 90/100. Revenue: $544K. Assets: $425K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Public Assets Institute Inc?
The Employer Identification Number (EIN) for Public Assets Institute Inc is 161703662. 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 Public Assets Institute Inc spend its money?
Public Assets Institute Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Public Assets Institute Inc's tax-exempt status?
You can verify Public Assets Institute Inc's tax-exempt status using EIN 161703662 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
The Public Assets Institute Inc demonstrates a generally stable financial position, though with some fluctuations in recent years. In the latest filing (202306), the organization reported expenses exceeding revenue by $26,778 ($582,610 vs $555,832), indicating a slight operating deficit. This follows a strong surplus in 202206 where revenue significantly outpaced expenses ($739,196 vs $582,331). The organization's assets have shown growth over the long term, increasing from $159,550 in 201806 to $490,161 in 202306, suggesting prudent financial management despite year-to-year operational variances. Liabilities remain relatively low compared to assets, indicating a healthy balance sheet.
The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice significantly enhances its financial health and public trust. While specific program spending ratios are not provided in the summary data, the absence of executive compensation suggests a lean operational structure. The consistent filing of IRS Form 990s over 13 periods also points to good governance and transparency practices.