Charlotte Palmer Phillips Foundation Inc
Charlotte Palmer Phillips Foundation maintains stable assets with zero reported officer compensation.
EIN: 136100994 · Newton, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $132K |
| Program Spending | 90% |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Charlotte Palmer Phillips Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charlotte Palmer Phillips Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charlotte Palmer Phillips Foundation Inc
Charlotte Palmer Phillips Foundation Inc (EIN: 136100994) is a nonprofit organization based in Newton, MA. The organization reported total revenue of $322K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Palmer Phillips Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Palmer Phillips Foundation Inc is a small nonprofit that has been operating for 67 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $132K |
| Surplus / Deficit | $-89,425 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -208.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 219.7 months |
Financial Health Grade: B
In 2023, Charlotte Palmer Phillips Foundation Inc reported a deficit of $89K with expenses exceeding revenue, holds 219.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Charlotte Palmer Phillips Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.9% | -11.9% | -3.6% |
| 2022 | -12.4% | -17.7% | +1.4% |
| 2021 | -20.6% | +7.4% | +3.6% |
| 2020 | +70.2% | -6.1% | -15.3% |
| 2019 | -45.6% | +3.4% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charlotte Palmer Phillips Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Charlotte Palmer Phillips Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not reported as officer compensation, which is a strong positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charlotte Palmer Phillips Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Charlotte Palmer Phillips Foundation Inc:
- Consistent financial stability with assets over $2.4 million.
- Zero reported officer compensation across all filings, indicating low executive overhead.
- Minimal liabilities, often just $1, suggesting sound financial management.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
Frequently Asked Questions about Charlotte Palmer Phillips Foundation Inc
Is Charlotte Palmer Phillips Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlotte Palmer Phillips Foundation Inc (EIN: 136100994) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Charlotte Palmer Phillips Foundation Inc spend its money?
Charlotte Palmer Phillips Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charlotte Palmer Phillips Foundation Inc tax-deductible?
Charlotte Palmer Phillips Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136100994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charlotte Palmer Phillips Foundation Inc located?
Charlotte Palmer Phillips Foundation Inc is headquartered in Newton, Massachusetts and files with the IRS under EIN 136100994.
How many years of IRS 990 filings does Charlotte Palmer Phillips Foundation Inc have?
Charlotte Palmer Phillips Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $322K in total revenue.
Is Charlotte Palmer Phillips Foundation Inc. a good charity?
Based on the provided data, the foundation appears to be a financially stable organization with a strong asset base and a notable commitment to minimizing administrative costs by reporting zero officer compensation. Its consistent filing history also points to good governance.
How does the foundation manage its expenses?
The foundation's expenses have consistently been in the range of $130,000 to $190,000 annually. Without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to assess the exact allocation, but the absence of officer compensation suggests a lean operational structure.
What is the trend in the foundation's assets?
The foundation's assets have remained remarkably stable over the past decade, fluctuating between approximately $2.39 million and $2.82 million, with the latest reported assets at $2,595,360. This indicates strong long-term financial stability.
Filing History
IRS 990 filing history for Charlotte Palmer Phillips Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charlotte Palmer Phillips Foundation Inc's revenue has declined by 72.6%, moving from $157K to $43K. Total assets decreased by 0.6% over the same period, from $2.4M to $2.4M. Total functional expenses fell by 3.1%, from $137K to $132K. In its most recent filing year (2023), Charlotte Palmer Phillips Foundation Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $132K | $2.4M | $1 | — | — |
| 2022 | $186K | $150K | $2.5M | $1 | — | View 990 |
| 2021 | $212K | $182K | $2.5M | $1 | — | View 990 |
| 2020 | $267K | $170K | $2.4M | $1 | — | View 990 |
| 2019 | $157K | $181K | $2.8M | $1 | — | — |
| 2015 | $288K | $175K | $2.5M | $1 | — | View 990 |
| 2014 | $151K | $150K | $2.4M | $1 | — | View 990 |
| 2013 | $111K | $193K | $2.4M | $0 | — | View 990 |
| 2012 | $177K | $142K | $2.5M | $0 | — | View 990 |
| 2011 | $157K | $137K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $132K, and assets of $2.4M (revenue -76.9% year-over-year).
- 2022: Revenue of $186K, expenses of $150K, and assets of $2.5M (revenue -12.4% year-over-year).
- 2021: Revenue of $212K, expenses of $182K, and assets of $2.5M (revenue -20.6% year-over-year).
- 2020: Revenue of $267K, expenses of $170K, and assets of $2.4M (revenue +70.2% year-over-year).
- 2019: Revenue of $157K, expenses of $181K, and assets of $2.8M (revenue -45.6% year-over-year).
- 2015: Revenue of $288K, expenses of $175K, and assets of $2.5M (revenue +91.1% year-over-year).
- 2014: Revenue of $151K, expenses of $150K, and assets of $2.4M (revenue +35.5% year-over-year).
- 2013: Revenue of $111K, expenses of $193K, and assets of $2.4M (revenue -37.0% year-over-year).
- 2012: Revenue of $177K, expenses of $142K, and assets of $2.5M (revenue +12.8% year-over-year).
- 2011: Revenue of $157K, expenses of $137K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlotte Palmer Phillips Foundation Inc:
Data Sources and Methodology
This transparency report for Charlotte Palmer Phillips Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.