Financial Planning Association
Financial Planning Association consistently operates near break-even with zero liabilities and no officer compensation.
EIN: 200995386 · East Haven, CT · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $154K |
| Total Expenses | $155K |
| Program Spending | 85% |
| Net Assets | $48K |
| Transparency Score | 85/100 |
Is Financial Planning Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Financial Planning Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Financial Planning Association
Financial Planning Association (EIN: 200995386) is a nonprofit organization based in East Haven, CT, classified under NTEE code S41. The organization reported total revenue of $154K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Planning Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Planning Association is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $155K |
| Surplus / Deficit | $-25,121 |
| Total Assets | $48K |
| Net Assets | $48K |
| Operating Margin | -19.4% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Financial Planning Association reported a deficit of $25K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Financial Planning Association's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | +14.4% | -34.1% |
| 2022 | +88.9% | +55.6% | -1.7% |
| 2021 | +38.2% | +35.3% | +118.3% |
| 2020 | -55.8% | -40.5% | -27.5% |
| 2019 | -2.5% | -3.3% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Financial Planning Association 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: 85%
- fundraising: 5%
According to IRS 990 filings, Financial Planning Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $25K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization. This is highly favorable, as it means all revenue is directed towards the organization's mission and operational costs, rather than executive salaries.
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 Financial Planning Association's IRS 990 filings:
- Frequent operating deficits where expenses exceed revenue (e.g., 2023, 2022, 2021, 2020, 2017, 2015, 2014) could indicate reliance on reserves or inconsistent revenue streams.
Strengths
The following positive indicators were identified for Financial Planning Association:
- Consistent reporting of $0 liabilities across all filings, indicating a debt-free operation.
- No officer compensation reported in any filing, suggesting a volunteer-led model and efficient use of funds.
- Consistent IRS 990 filing history (13 filings), demonstrating strong transparency.
- Growth in assets from $34,161 in 2020 to $75,102 currently, providing a financial cushion.
Frequently Asked Questions about Financial Planning Association
Is Financial Planning Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Financial Planning Association (EIN: 200995386) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Financial Planning Association spend its money?
Financial Planning Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Financial Planning Association tax-deductible?
Financial Planning Association is registered as a tax-exempt nonprofit (EIN: 200995386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Financial Planning Association's spending goes to programs?
Financial Planning Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Financial Planning Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Financial Planning Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Financial Planning Association located?
Financial Planning Association is headquartered in East Haven, Connecticut and files with the IRS under EIN 200995386. It is classified under NTEE code S41.
How many years of IRS 990 filings does Financial Planning Association have?
Financial Planning Association has 13 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 $154K in total revenue.
Is the Financial Planning Association financially sustainable given its frequent operating deficits?
While the FPA has reported expenses exceeding revenue in several recent years (e.g., 2023, 2022, 2021), its consistent reporting of $0 liabilities and growing asset base (from $34,161 in 2020 to $75,102 currently) suggests it manages these deficits by drawing on reserves rather than incurring debt, indicating a degree of sustainability.
How does the absence of officer compensation impact the organization?
The consistent 0% officer compensation across all filings is a significant strength, indicating a volunteer-driven leadership. This minimizes administrative overhead and allows a greater proportion of funds to be allocated directly to the organization's programs and services for its members.
What is the trend in the organization's assets?
The organization's assets have shown growth, increasing from $34,161 in 2020 to $75,102 currently, despite some fluctuations. This indicates a healthy accumulation of reserves over time, providing financial stability.
Filing History
IRS 990 filing history for Financial Planning Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Financial Planning Association's revenue has grown by 189.2%, moving from $45K to $130K. Total assets increased by 13.6% over the same period, from $43K to $48K. Total functional expenses rose by 274.4%, from $41K to $155K. In its most recent filing year (2023), Financial Planning Association reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $155K | $48K | $0 | — | — |
| 2022 | $134K | $135K | $73K | $0 | — | View 990 |
| 2021 | $71K | $87K | $75K | $0 | — | View 990 |
| 2020 | $51K | $64K | $34K | $0 | — | — |
| 2019 | $116K | $108K | $47K | $0 | — | View 990 |
| 2018 | $119K | $112K | $39K | $0 | — | View 990 |
| 2017 | $113K | $112K | $31K | $0 | — | — |
| 2016 | $106K | $95K | $53K | $0 | — | View 990 |
| 2015 | $91K | $96K | $44K | $0 | — | View 990 |
| 2014 | $100K | $104K | $50K | $0 | — | View 990 |
| 2013 | $37K | $39K | $45K | $0 | — | View 990 |
| 2012 | $50K | $43K | $48K | $0 | — | View 990 |
| 2011 | $45K | $41K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $155K, and assets of $48K (revenue -3.2% year-over-year).
- 2022: Revenue of $134K, expenses of $135K, and assets of $73K (revenue +88.9% year-over-year).
- 2021: Revenue of $71K, expenses of $87K, and assets of $75K (revenue +38.2% year-over-year).
- 2020: Revenue of $51K, expenses of $64K, and assets of $34K (revenue -55.8% year-over-year).
- 2019: Revenue of $116K, expenses of $108K, and assets of $47K (revenue -2.5% year-over-year).
- 2018: Revenue of $119K, expenses of $112K, and assets of $39K (revenue +5.5% year-over-year).
- 2017: Revenue of $113K, expenses of $112K, and assets of $31K (revenue +6.6% year-over-year).
- 2016: Revenue of $106K, expenses of $95K, and assets of $53K (revenue +16.1% year-over-year).
- 2015: Revenue of $91K, expenses of $96K, and assets of $44K (revenue -8.8% year-over-year).
- 2014: Revenue of $100K, expenses of $104K, and assets of $50K (revenue +174.4% year-over-year).
- 2013: Revenue of $37K, expenses of $39K, and assets of $45K (revenue -26.3% year-over-year).
- 2012: Revenue of $50K, expenses of $43K, and assets of $48K (revenue +10.6% year-over-year).
- 2011: Revenue of $45K, expenses of $41K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Planning Association:
Data Sources and Methodology
This transparency report for Financial Planning Association 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.