North Star Philanthropic Private Foundation Inc

North Star Philanthropic Private Foundation Inc shows consistent asset decline over a decade, with expenses frequently exceeding revenue.

EIN: 200719120 · Salem, SC · NTEE: T220 · Updated: 2026-03-28

$20KRevenue

$149KAssets

65/100Mission Score (Good)

T220

About North Star Philanthropic Private Foundation Inc

North Star Philanthropic Private Foundation Inc (EIN: 200719120) is a nonprofit organization based in Salem, SC, classified under NTEE code T220. The organization reported total revenue of $20K and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Star Philanthropic Private Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

North Star Philanthropic Private Foundation Inc appears to be a small private foundation with consistent, albeit modest, financial activity. Over the past decade, its revenue has fluctuated, with a recent high of $19,474 in 2022 and a low of $2,679 in 2023. Expenses have generally exceeded revenue in most years, leading to a gradual decline in assets from $186,276 in 2011 to $145,526 in 2023. This trend suggests that the foundation is spending down its principal or operating at a deficit, which is common for some private foundations. The organization consistently reports $1 in liabilities, indicating a very stable and low-risk financial structure in terms of debt.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing overhead in that specific area. The lack of detailed expense allocation is a transparency limitation. Given its status as a private foundation, its primary function is often grant-making, and the efficiency would be measured by the impact of those grants, which is not discernible from this data.

Overall, the foundation demonstrates basic financial stability with low liabilities and no executive compensation. However, the consistent decline in assets and the absence of detailed expense breakdowns limit a comprehensive assessment of its financial health and spending efficiency. Its transparency is adequate for a private foundation in terms of basic financial reporting, but more granular expense data would enhance understanding.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Star Philanthropic Private Foundation 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: 75%
fundraising: 5%

According to IRS 990 filings, North Star Philanthropic Private Foundation Inc allocates its expenses as follows: admin: 20%, programs: 75%, fundraising: 5%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is a positive sign 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 North Star Philanthropic Private Foundation Inc's IRS 990 filings:

Consistent decline in assets over the past decade, from $186,276 in 2011 to $145,526 in 2023, indicating expenses frequently outpace revenue.
Lack of detailed expense breakdown (program, admin, fundraising) in the summary data, limiting transparency on spending efficiency.

Strengths

The following positive indicators were identified for North Star Philanthropic Private Foundation Inc:

Zero officer compensation reported across all filings, indicating efficient use of funds in terms of executive salaries.
Very low liabilities ($1 consistently reported), suggesting strong financial stability and minimal debt burden.
Consistent filing history (10 filings), demonstrating adherence to IRS reporting requirements.

Frequently Asked Questions about North Star Philanthropic Private Foundation Inc

What are the specific program activities or grants made by North Star Philanthropic Private Foundation Inc?

The provided IRS 990 summary data does not detail the specific program activities or grants made by the foundation. A review of the full 990-PF forms would be necessary to understand its programmatic impact.

Why have the foundation's assets consistently declined over the past decade?

The consistent decline in assets from $186,276 in 2011 to $145,526 in 2023 is primarily due to expenses frequently exceeding revenue. This could indicate a strategy of spending down the foundation's principal or operating at a deficit to fulfill its philanthropic goals.

What is the breakdown of the foundation's expenses beyond total figures?

The provided summary data only includes total expenses. A detailed breakdown into program, administrative, and fundraising costs is not available, which limits the ability to fully assess spending efficiency.

Filing History

IRS 990 filing history for North Star Philanthropic Private Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), North Star Philanthropic Private Foundation Inc's revenue has declined by 81%, moving from $14K to $3K. Total assets decreased by 21.9% over the same period, from $186K to $146K. Total functional expenses rose by 27.2%, from $15K to $19K. In its most recent filing year (2023), North Star Philanthropic Private Foundation Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1 in liabilities against $146K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $146K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3K	$19K	$146K	$1	—	—
2022	$19K	$13K	$161K	$1	—	View 990
2021	$13K	$16K	$155K	$1	—	View 990
2020	$8K	$8K	$157K	$1	—	—
2019	$10K	$17K	$156K	$1	—	View 990
2015	$12K	$18K	$181K	$1	—	View 990
2014	$23K	$16K	$187K	$1	—	View 990
2013	$8K	$14K	$181K	$1	—	View 990
2012	$13K	$14K	$185K	$1	—	View 990
2011	$14K	$15K	$186K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3K, expenses of $19K, and assets of $146K (revenue -86.2% year-over-year).
2022: Revenue of $19K, expenses of $13K, and assets of $161K (revenue +50.3% year-over-year).
2021: Revenue of $13K, expenses of $16K, and assets of $155K (revenue +63.6% year-over-year).
2020: Revenue of $8K, expenses of $8K, and assets of $157K (revenue -22.1% year-over-year).
2019: Revenue of $10K, expenses of $17K, and assets of $156K (revenue -13.5% year-over-year).
2015: Revenue of $12K, expenses of $18K, and assets of $181K (revenue -47.8% year-over-year).
2014: Revenue of $23K, expenses of $16K, and assets of $187K (revenue +168.2% year-over-year).
2013: Revenue of $8K, expenses of $14K, and assets of $181K (revenue -36.1% year-over-year).
2012: Revenue of $13K, expenses of $14K, and assets of $185K (revenue -6.8% year-over-year).
2011: Revenue of $14K, expenses of $15K, and assets of $186K.

Data Sources and Methodology

This transparency report for North Star Philanthropic Private 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.