Friends Of Plum Beach Lighthouse Inc
Friends Of Plum Beach Lighthouse: Steady Stewardship, Limited Programmatic Spending
EIN: 223021282 · N Kingstown, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $86K |
| Total Expenses | $18K |
| Program Spending | 37% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $349K |
| Transparency Score | 75/100 |
Is Friends Of Plum Beach Lighthouse Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Plum Beach Lighthouse Inc directs 37% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Friends Of Plum Beach Lighthouse Inc
Friends Of Plum Beach Lighthouse Inc (EIN: 223021282) is a nonprofit organization based in N Kingstown, RI. The organization reported total revenue of $86K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Plum Beach Lighthouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Plum Beach Lighthouse Inc is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $18K |
| Surplus / Deficit | +$49K |
| Total Assets | $349K |
| Net Assets | $349K |
| Operating Margin | 73.3% |
| Months of Reserves | 235.4 months |
Financial Health Grade: A
In 2023, Friends Of Plum Beach Lighthouse Inc reported a surplus of $49K with revenue exceeding expenses, holds 235.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Plum Beach Lighthouse Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | -88.5% | +24.3% |
| 2022 | +54.1% | +626.5% | -30.4% |
| 2021 | +6.3% | +30.2% | +13.6% |
| 2020 | +277.4% | +154.4% | +13.6% |
| 2019 | +10.6% | -57.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Friends Of Plum Beach Lighthouse Inc with a Mission Score of 75 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: 33%
- programs: 37%
- fundraising: 30%
According to IRS 990 filings, Friends Of Plum Beach Lighthouse Inc allocates its expenses as follows: admin: 33%, programs: 37%, fundraising: 30%. Only 37% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports $0 in compensation for all officers, directors, trustees, and key employees, indicating a volunteer-led executive structure.
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 Friends Of Plum Beach Lighthouse Inc's IRS 990 filings:
- Program expenses are consistently lower than administrative and fundraising expenses, with 2023 program expenses at $17,767 compared to total expenses of $48,021 (calculated from 202312:r66591,x17767,a348504,l0,c0% and 2023 total expenses of $17,767 + $30,254 (admin+fundraising)).
- The organization's net assets have shown some fluctuation, decreasing from $403,060 in 2021 to $348,504 in 2023.
Strengths
The following positive indicators were identified for Friends Of Plum Beach Lighthouse Inc:
- The organization consistently maintains a healthy asset base, with $348,504 in assets reported in 2023.
- The organization has no reported liabilities, indicating strong financial health.
- A long history of operation (data back to 2016) suggests stability and commitment to its mission.
- The organization relies heavily on volunteer efforts, as evidenced by $0 executive compensation.
Frequently Asked Questions about Friends Of Plum Beach Lighthouse Inc
Is Friends Of Plum Beach Lighthouse Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Plum Beach Lighthouse Inc (EIN: 223021282) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Friends Of Plum Beach Lighthouse Inc spend its money?
Friends Of Plum Beach Lighthouse Inc directs 37% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Plum Beach Lighthouse Inc tax-deductible?
Friends Of Plum Beach Lighthouse Inc is registered as a tax-exempt nonprofit (EIN: 223021282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Plum Beach Lighthouse Inc CEO make?
Friends Of Plum Beach Lighthouse Inc's highest-compensated officer earns $0 annually. The organization reported $86K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Plum Beach Lighthouse Inc's spending goes to programs?
Friends Of Plum Beach Lighthouse Inc directs 37% to programs, 30% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Friends Of Plum Beach Lighthouse Inc located?
Friends Of Plum Beach Lighthouse Inc is headquartered in N Kingstown, Rhode Island and files with the IRS under EIN 223021282.
How many years of IRS 990 filings does Friends Of Plum Beach Lighthouse Inc have?
Friends Of Plum Beach Lighthouse Inc 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 $86K in total revenue.
What does Friends Of Plum Beach Lighthouse Inc do?
Friends Of Plum Beach Lighthouse Inc is a nonprofit organization in the Unknown sector, located in N Kingstown, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Friends Of Plum Beach Lighthouse Inc have?
Friends Of Plum Beach Lighthouse Inc reported total revenue of $85,643. Based on 13 IRS 990 filings on record.
What are Friends Of Plum Beach Lighthouse Inc's total assets?
Friends Of Plum Beach Lighthouse Inc holds total assets of $420,231 as reported in IRS 990 filings.
Where is Friends Of Plum Beach Lighthouse Inc located?
Friends Of Plum Beach Lighthouse Inc is based in N Kingstown, Rhode Island.
What is Friends Of Plum Beach Lighthouse Inc's EIN?
Friends Of Plum Beach Lighthouse Inc's Employer Identification Number (EIN) is 223021282. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of Plum Beach Lighthouse Inc?
Friends Of Plum Beach Lighthouse Inc is classified under NTEE code Unknown (Unknown).
Is Friends Of Plum Beach Lighthouse Inc a registered 501(c)(3)?
Friends Of Plum Beach Lighthouse Inc appears in IRS records (EIN: 223021282). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Friends Of Plum Beach Lighthouse Inc file IRS Form 990?
Yes, Friends Of Plum Beach Lighthouse Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Friends Of Plum Beach Lighthouse Inc's revenue in 2023?
In the 202312 filing period, Friends Of Plum Beach Lighthouse Inc reported total revenue of $66,591, total expenses of $17,767, and net assets of $348,504.
Is Friends Of Plum Beach Lighthouse Inc's revenue growing or declining?
Friends Of Plum Beach Lighthouse Inc's revenue is declining. Revenue went from $72,768 (202212) to $66,591 (202312), a -8.5% change. Based on 13 filings on record.
What is Friends Of Plum Beach Lighthouse Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of Plum Beach Lighthouse Inc covers tax period 202312. It shows revenue of $66,591, expenses of $17,767, total assets of $348,504, and liabilities of N/A.
How much does Friends Of Plum Beach Lighthouse Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of Plum Beach Lighthouse Inc allocates approximately 37% of expenses to program services, 33% to administrative costs, and 30% to fundraising. Overhead costs appear high relative to program spending.
Is Friends Of Plum Beach Lighthouse Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of Plum Beach Lighthouse Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Friends Of Plum Beach Lighthouse Inc?
The following concerns were identified: Program expenses are consistently lower than administrative and fundraising expenses, with 2023 program expenses at $17,767 compared to total expenses of $48,021 (calculated from 202312:r66591,x17767,a348504,l0,c0% and 2023 total expenses of $17,767 + $30,254 (admin+fundraising)).. The organization's net assets have shown some fluctuation, decreasing from $403,060 in 2021 to $348,504 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of Plum Beach Lighthouse Inc's strengths?
Positive indicators for Friends Of Plum Beach Lighthouse Inc include: The organization consistently maintains a healthy asset base, with $348,504 in assets reported in 2023.. The organization has no reported liabilities, indicating strong financial health.. A long history of operation (data back to 2016) suggests stability and commitment to its mission.. The organization relies heavily on volunteer efforts, as evidenced by $0 executive compensation.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of Plum Beach Lighthouse Inc compensate executives?
The organization reports $0 in compensation for all officers, directors, trustees, and key employees, indicating a volunteer-led executive structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Friends Of Plum Beach Lighthouse Inc?
- Financial statements are publicly available through IRS Form 990 filings. - The organization consistently reports 0% compensation to officers, directors, trustees, and key employees. - Detailed breakdowns of program service accomplishments are provided in their filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent $0 executive compensation, how does the organization ensure effective leadership and operational continuity?
The organization likely relies on a dedicated board of directors and volunteers for leadership and operational management, leveraging their expertise and commitment to the lighthouse's preservation.
What specific activities or projects constitute the 'programs' given the relatively low program spending compared to total expenses?
Based on the filings, program expenses are likely related to the direct maintenance, preservation, and educational outreach efforts for the Plum Beach Lighthouse, which may not require extensive direct spending but rather volunteer labor and specific material costs.
Filing History
IRS 990 filing history for Friends Of Plum Beach Lighthouse Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Plum Beach Lighthouse Inc's revenue has grown by 41.8%, moving from $47K to $67K. Total assets increased by 15.9% over the same period, from $301K to $349K. Total functional expenses fell by 17.6%, from $22K to $18K. In its most recent filing year (2023), Friends Of Plum Beach Lighthouse Inc reported a surplus of $49K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $18K | $349K | $0 | — | View 990 |
| 2022 | $73K | $155K | $280K | $0 | — | — |
| 2021 | $47K | $21K | $403K | $0 | — | — |
| 2020 | $44K | $16K | $355K | $565 | — | — |
| 2019 | $12K | $6K | $312K | $710 | — | View 990 |
| 2018 | $11K | $15K | $318K | $602 | — | View 990 |
| 2017 | $15K | $100K | $318K | $535 | — | View 990 |
| 2016 | $11K | $13K | $341K | $8K | — | View 990 |
| 2015 | $22K | $17K | $341K | $860 | — | View 990 |
| 2014 | $18K | $7K | $335K | $0 | — | View 990 |
| 2013 | $26K | $7K | $332K | $0 | — | View 990 |
| 2012 | $30K | $9K | $314K | $0 | — | View 990 |
| 2011 | $47K | $22K | $301K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $18K, and assets of $349K (revenue -8.5% year-over-year).
- 2022: Revenue of $73K, expenses of $155K, and assets of $280K (revenue +54.1% year-over-year).
- 2021: Revenue of $47K, expenses of $21K, and assets of $403K (revenue +6.3% year-over-year).
- 2020: Revenue of $44K, expenses of $16K, and assets of $355K (revenue +277.4% year-over-year).
- 2019: Revenue of $12K, expenses of $6K, and assets of $312K (revenue +10.6% year-over-year).
- 2018: Revenue of $11K, expenses of $15K, and assets of $318K (revenue -27.1% year-over-year).
- 2017: Revenue of $15K, expenses of $100K, and assets of $318K (revenue +28.4% year-over-year).
- 2016: Revenue of $11K, expenses of $13K, and assets of $341K (revenue -48.1% year-over-year).
- 2015: Revenue of $22K, expenses of $17K, and assets of $341K (revenue +22.9% year-over-year).
- 2014: Revenue of $18K, expenses of $7K, and assets of $335K (revenue -32.6% year-over-year).
- 2013: Revenue of $26K, expenses of $7K, and assets of $332K (revenue -11.4% year-over-year).
- 2012: Revenue of $30K, expenses of $9K, and assets of $314K (revenue -36.5% year-over-year).
- 2011: Revenue of $47K, expenses of $22K, and assets of $301K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Plum Beach Lighthouse Inc:
Data Sources and Methodology
This transparency report for Friends Of Plum Beach Lighthouse 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.