Hellenic Society Paideia Inc

Is Hellenic Society Paideia Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

About Hellenic Society Paideia Inc

Hellenic Society Paideia Inc (EIN: 222528692) is a nonprofit organization based in Storrs, CT, classified under NTEE code W40Z. The organization reported total revenue of $430K and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hellenic Society Paideia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hellenic Society Paideia 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: 0%
• programs: 0%
• fundraising: 0%

According to IRS 990 filings, Hellenic Society Paideia Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

Executive compensation cannot be assessed as the provided data does not include information on salaries or compensation for key personnel.

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 Hellenic Society Paideia Inc's IRS 990 filings:

• Lack of detailed expense breakdown (program, admin, fundraising) makes it impossible to assess efficiency and impact.
• The 'c0%' in the data, if representing program spending, would be a major red flag, but more likely indicates missing data.
• Significant 'other expenses' (x) in relation to revenue (r) without clear categorization raises questions about fund utilization.

Strengths

The following positive indicators were identified for Hellenic Society Paideia Inc:

• Consistent growth in assets, reaching $5,200,092 in 2023, indicates strong financial management and stability.
• The organization has maintained a healthy level of revenue over several years, demonstrating donor confidence or stable funding sources.
• Low liabilities relative to assets suggest a strong balance sheet and financial health.

Frequently Asked Questions about Hellenic Society Paideia Inc

Filing History

IRS 990 filing history for Hellenic Society Paideia Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hellenic Society Paideia Inc's revenue has declined by 7%, moving from $576K to $536K. Total assets increased by 81% over the same period, from $2.8M to $5.1M. Total functional expenses fell by 23.1%, from $493K to $379K. In its most recent filing year (2023), Hellenic Society Paideia Inc reported a surplus of $157K, with revenue exceeding expenses. The organization holds $625K in liabilities against $5.1M in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $4.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $536K, expenses of $379K, and assets of $5.1M (revenue +46.8% year-over-year).
• 2022: Revenue of $365K, expenses of $225K, and assets of $4.9M (revenue -28.9% year-over-year).
• 2021: Revenue of $514K, expenses of $75K, and assets of $4.8M (revenue +89.5% year-over-year).
• 2020: Revenue of $271K, expenses of $159K, and assets of $4.1M (revenue -72.4% year-over-year).
• 2019: Revenue of $983K, expenses of $439K, and assets of $4.0M (revenue +104.4% year-over-year).
• 2018: Revenue of $481K, expenses of $459K, and assets of $3.5M (revenue -4.8% year-over-year).
• 2017: Revenue of $505K, expenses of $333K, and assets of $3.5M (revenue -10.6% year-over-year).
• 2016: Revenue of $565K, expenses of $314K, and assets of $3.3M (revenue +76.4% year-over-year).
• 2015: Revenue of $320K, expenses of $324K, and assets of $3.0M (revenue +13.9% year-over-year).
• 2014: Revenue of $281K, expenses of $279K, and assets of $3.0M (revenue -39.2% year-over-year).
• 2013: Revenue of $463K, expenses of $379K, and assets of $3.0M (revenue -17.6% year-over-year).
• 2012: Revenue of $562K, expenses of $400K, and assets of $3.0M (revenue -2.5% year-over-year).
• 2011: Revenue of $576K, expenses of $493K, and assets of $2.8M.

Data Sources and Methodology

This transparency report for Hellenic Society Paideia 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.