Federation Of Protestant Welfare Agencies Inc
Federation Of Protestant Welfare Agencies Inc consistently spends more than it earns, relying on substantial assets.
EIN: 135562220 · New York, NY · NTEE: T700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.2M |
| Total Expenses | $8.4M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $75 |
| Net Assets | $67.8M |
| Transparency Score | 65/100 |
Is Federation Of Protestant Welfare Agencies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Federation Of Protestant Welfare Agencies Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Federation Of Protestant Welfare Agencies Inc
Federation Of Protestant Welfare Agencies Inc (EIN: 135562220) is a nonprofit organization based in New York, NY, classified under NTEE code T700. The organization reported total revenue of $20.2M and total assets of $80.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Federation Of Protestant Welfare Agencies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Federation Of Protestant Welfare Agencies Inc is a large nonprofit that has been operating for 92 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-3,161,078 |
| Total Assets | $78.6M |
| Total Liabilities | $10.8M |
| Net Assets | $67.8M |
| Operating Margin | -60.4% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 112.3 months |
Financial Health Grade: B
In 2023, Federation Of Protestant Welfare Agencies Inc reported a deficit of $3.2M with expenses exceeding revenue, holds 112.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Federation Of Protestant Welfare Agencies Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.0% | -23.8% | +4.3% |
| 2022 | +0.2% | +46.1% | -16.2% |
| 2021 | +184.4% | +9.3% | +9.1% |
| 2020 | -39.8% | -4.0% | -0.5% |
| 2019 | -4.1% | -3.0% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1934 |
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 Federation Of Protestant Welfare Agencies Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Federation Of Protestant Welfare Agencies Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is unusual for an organization of this size with assets exceeding $75 million. This could indicate that executive compensation is either not reported in this specific section, is below reporting thresholds, or is covered by other means, warranting further investigation for full transparency.
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 Federation Of Protestant Welfare Agencies Inc's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue (e.g., $8.4M expenses vs. $5.2M revenue in 2023).
- Unexplained 0% officer compensation: For an organization with over $80M in assets, consistent 0% officer compensation is unusual and requires clarification.
- Significant revenue volatility: Revenue has fluctuated significantly, from $51M in 2014 to $5.2M in 2023, indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Federation Of Protestant Welfare Agencies Inc:
- Substantial asset base: The organization maintains significant assets, consistently above $75 million, providing financial stability and a buffer.
- Long history of IRS 990 filings: 14 filings demonstrate a commitment to transparency and regulatory compliance.
- Established presence: Operating in New York, NY with a long history, suggesting a well-established organization.
Frequently Asked Questions about Federation Of Protestant Welfare Agencies Inc
Is Federation Of Protestant Welfare Agencies Inc a legitimate charity?
Federation Of Protestant Welfare Agencies Inc (EIN: 135562220) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $20.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Federation Of Protestant Welfare Agencies Inc spend its money?
Federation Of Protestant Welfare Agencies Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Federation Of Protestant Welfare Agencies Inc tax-deductible?
Federation Of Protestant Welfare Agencies Inc is registered as a tax-exempt nonprofit (EIN: 135562220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Federation Of Protestant Welfare Agencies Inc CEO make?
Federation Of Protestant Welfare Agencies Inc's highest-compensated officer earns $75 annually. The organization reported $20.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Federation Of Protestant Welfare Agencies Inc's spending goes to programs?
Federation Of Protestant Welfare Agencies Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Federation Of Protestant Welfare Agencies Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Federation Of Protestant Welfare Agencies Inc is above average for NTEE category T700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Federation Of Protestant Welfare Agencies Inc located?
Federation Of Protestant Welfare Agencies Inc is headquartered in New York, New York and files with the IRS under EIN 135562220. It is classified under NTEE code T700.
How many years of IRS 990 filings does Federation Of Protestant Welfare Agencies Inc have?
Federation Of Protestant Welfare Agencies Inc has 14 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 $20.2M in total revenue.
Is Federation Of Protestant Welfare Agencies Inc financially sustainable given its recurring operating deficits?
The organization has consistently reported expenses exceeding revenue in most recent years (e.g., $8.4M expenses vs. $5.2M revenue in 2023). While it possesses substantial assets ($80M+), this trend raises questions about long-term financial sustainability without a clear strategy to increase revenue or reduce expenses.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization with assets exceeding $75 million. This warrants further inquiry to understand how executive leadership is compensated, if at all, or if it's reported under different categories not reflected in this summary.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 summary data does not offer a detailed breakdown of how total expenses are allocated among programs, administration, and fundraising. This information is crucial for assessing spending efficiency and impact.
How does the organization plan to address its consistent operating deficits?
The recurring deficits suggest that the organization is spending more than its incoming revenue. Understanding the strategy to either increase funding or optimize expenditures is critical for future financial health.
Filing History
IRS 990 filing history for Federation Of Protestant Welfare Agencies Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Federation Of Protestant Welfare Agencies Inc's revenue has grown by 19.4%, moving from $4.4M to $5.2M. Total assets increased by 81.2% over the same period, from $43.4M to $78.6M. Total functional expenses rose by 37.1%, from $6.1M to $8.4M. In its most recent filing year (2023), Federation Of Protestant Welfare Agencies Inc reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $10.8M in liabilities against $78.6M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $67.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $8.4M | $78.6M | $10.8M | — | View 990 |
| 2022 | $9.0M | $11.0M | $75.4M | $11.4M | — | View 990 |
| 2021 | $9.0M | $7.5M | $89.9M | $11.4M | — | View 990 |
| 2020 | $3.2M | $6.9M | $82.4M | $12.0M | — | View 990 |
| 2019 | $5.3M | $7.2M | $82.8M | $12.3M | — | View 990 |
| 2018 | $5.5M | $7.4M | $76.9M | $12.9M | — | View 990 |
| 2017 | $4.7M | $7.2M | $87.3M | $13.4M | — | View 990 |
| 2016 | $4.9M | $7.7M | $81.1M | $13.7M | — | View 990 |
| 2015 | $6.0M | $9.2M | $83.2M | $15.4M | — | View 990 |
| 2014 | $51.1M | $6.1M | $91.5M | $15.7M | — | View 990 |
| 2013 | $4.3M | $6.5M | $38.2M | $5.3M | — | View 990 |
| 2012 | $3.4M | $5.4M | $37.9M | $5.9M | — | View 990 |
| 2011 | $3.6M | $5.4M | $37.8M | $6.9M | — | View 990 |
| 2010 | $4.4M | $6.1M | $43.4M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $8.4M, and assets of $78.6M (revenue -42.0% year-over-year).
- 2022: Revenue of $9.0M, expenses of $11.0M, and assets of $75.4M (revenue +0.2% year-over-year).
- 2021: Revenue of $9.0M, expenses of $7.5M, and assets of $89.9M (revenue +184.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $6.9M, and assets of $82.4M (revenue -39.8% year-over-year).
- 2019: Revenue of $5.3M, expenses of $7.2M, and assets of $82.8M (revenue -4.1% year-over-year).
- 2018: Revenue of $5.5M, expenses of $7.4M, and assets of $76.9M (revenue +16.7% year-over-year).
- 2017: Revenue of $4.7M, expenses of $7.2M, and assets of $87.3M (revenue -4.2% year-over-year).
- 2016: Revenue of $4.9M, expenses of $7.7M, and assets of $81.1M (revenue -17.8% year-over-year).
- 2015: Revenue of $6.0M, expenses of $9.2M, and assets of $83.2M (revenue -88.3% year-over-year).
- 2014: Revenue of $51.1M, expenses of $6.1M, and assets of $91.5M (revenue +1092.8% year-over-year).
- 2013: Revenue of $4.3M, expenses of $6.5M, and assets of $38.2M (revenue +27.5% year-over-year).
- 2012: Revenue of $3.4M, expenses of $5.4M, and assets of $37.9M (revenue -7.1% year-over-year).
- 2011: Revenue of $3.6M, expenses of $5.4M, and assets of $37.8M (revenue -17.5% year-over-year).
- 2010: Revenue of $4.4M, expenses of $6.1M, and assets of $43.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Federation Of Protestant Welfare Agencies Inc:
Data Sources and Methodology
This transparency report for Federation Of Protestant Welfare Agencies 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.