P T Barnum Foundation Inc
P T Barnum Foundation: Declining Revenue, Inconsistent Spending
EIN: 222655681 · Bridgeport, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $613K |
| Total Expenses | $546K |
| Program Spending | 85% |
| Net Assets | $849K |
| Transparency Score | 45/100 |
Is P T Barnum Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
P T Barnum Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About P T Barnum Foundation Inc
P T Barnum Foundation Inc (EIN: 222655681) is a nonprofit organization based in Bridgeport, CT. The organization reported total revenue of $613K and total assets of $979K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of P T Barnum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
P T Barnum Foundation Inc is a small nonprofit that has been operating for 36 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $593K |
| Total Expenses | $546K |
| Surplus / Deficit | +$47K |
| Total Assets | $855K |
| Total Liabilities | $7K |
| Net Assets | $849K |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, P T Barnum Foundation Inc reported a surplus of $47K with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), P T Barnum Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +129.4% | +77.8% | +9.1% |
| 2022 | +7.9% | +88.3% | -14.1% |
| 2021 | +61.1% | +23.4% | +11.3% |
| 2020 | -65.3% | -68.3% | +12.2% |
| 2019 | -21.0% | -7.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 P T Barnum Foundation Inc with a Mission Score of 45 out of 100 (Fair). 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, P T Barnum Foundation Inc 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 surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
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 P T Barnum Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, with a sharp drop from 2017 to 2022.
- Expenses in 2022 ($306,767) exceeded revenue ($258,377), indicating a deficit for that year.
- Lack of specific executive compensation data in the provided financial summaries.
Strengths
The following positive indicators were identified for P T Barnum Foundation Inc:
- Consistent reporting of 0% lobbying expenses, suggesting a focus away from political influence.
- Assets have remained relatively stable despite revenue fluctuations, indicating some financial resilience.
Frequently Asked Questions about P T Barnum Foundation Inc
Is P T Barnum Foundation Inc a legitimate charity?
P T Barnum Foundation Inc (EIN: 222655681) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 11 years of IRS 990 filings on record. Total revenue: $613K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does P T Barnum Foundation Inc spend its money?
P T Barnum Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to P T Barnum Foundation Inc tax-deductible?
P T Barnum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222655681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of P T Barnum Foundation Inc's spending goes to programs?
P T Barnum Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is P T Barnum Foundation Inc located?
P T Barnum Foundation Inc is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 222655681.
How many years of IRS 990 filings does P T Barnum Foundation Inc have?
P T Barnum Foundation Inc has 11 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 $613K in total revenue.
What does P T Barnum Foundation Inc do?
P T Barnum Foundation Inc is a nonprofit organization in the Unknown sector, located in Bridgeport, Connecticut. It is classified under NTEE code Unknown.
How much revenue does P T Barnum Foundation Inc have?
P T Barnum Foundation Inc reported total revenue of $612,975. Based on 11 IRS 990 filings on record.
What are P T Barnum Foundation Inc's total assets?
P T Barnum Foundation Inc holds total assets of $979,471 as reported in IRS 990 filings.
Where is P T Barnum Foundation Inc located?
P T Barnum Foundation Inc is based in Bridgeport, Connecticut.
What is P T Barnum Foundation Inc's EIN?
P T Barnum Foundation Inc's Employer Identification Number (EIN) is 222655681. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is P T Barnum Foundation Inc?
P T Barnum Foundation Inc is classified under NTEE code Unknown (Unknown).
Is P T Barnum Foundation Inc a registered 501(c)(3)?
P T Barnum Foundation Inc appears in IRS records (EIN: 222655681). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does P T Barnum Foundation Inc file IRS Form 990?
Yes, P T Barnum Foundation Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was P T Barnum Foundation Inc's revenue in 2023?
In the 202309 filing period, P T Barnum Foundation Inc reported total revenue of $592,769, total expenses of $545,578, and net assets of $855,192.
Is P T Barnum Foundation Inc's revenue growing or declining?
P T Barnum Foundation Inc's revenue is growing. Revenue went from $258,377 (202209) to $592,769 (202309), a +129.4% change. Based on 11 filings on record.
What is P T Barnum Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for P T Barnum Foundation Inc covers tax period 202309. It shows revenue of $592,769, expenses of $545,578, total assets of $855,192, and liabilities of $6,610.
How much does P T Barnum Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, P T Barnum Foundation Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is P T Barnum Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, P T Barnum Foundation Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for P T Barnum Foundation Inc?
The following concerns were identified: Significant year-over-year revenue volatility, with a sharp drop from 2017 to 2022.. Expenses in 2022 ($306,767) exceeded revenue ($258,377), indicating a deficit for that year.. Lack of specific executive compensation data in the provided financial summaries.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are P T Barnum Foundation Inc's strengths?
Positive indicators for P T Barnum Foundation Inc include: Consistent reporting of 0% lobbying expenses, suggesting a focus away from political influence.. Assets have remained relatively stable despite revenue fluctuations, indicating some financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does P T Barnum Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial fluctuations in revenue and expenses, what is the foundation's long-term financial strategy to ensure sustainability?
The data shows revenue dropped from $574,745 in 2017 to $258,377 in 2022, then increased to $592,769 in 2023. Expenses also varied significantly, from $132,062 in 2020 to $545,578 in 2023. This volatility suggests a need for a clear strategy to stabilize funding and manage expenditures.
How does the foundation manage its administrative and fundraising costs to maintain a high program spending percentage amidst revenue instability?
While specific breakdowns aren't provided in the raw data, the overall expense figures (e.g., $545,578 in 2023) relative to revenue ($592,769 in 2023) imply that a significant portion of expenses must be allocated to programs to achieve a high program spending percentage, especially given the revenue fluctuations.
Filing History
IRS 990 filing history for P T Barnum Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), P T Barnum Foundation Inc's revenue has grown by 33.5%, moving from $444K to $593K. Total assets increased by 47.7% over the same period, from $579K to $855K. Total functional expenses rose by 43.2%, from $381K to $546K. In its most recent filing year (2023), P T Barnum Foundation Inc reported a surplus of $47K, with revenue exceeding expenses. The organization holds $7K in liabilities against $855K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $849K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $593K | $546K | $855K | $7K | — | View 990 |
| 2022 | $258K | $307K | $784K | $2K | — | View 990 |
| 2021 | $240K | $163K | $913K | $102 | — | View 990 |
| 2020 | $149K | $132K | $820K | $64K | — | View 990 |
| 2019 | $428K | $417K | $731K | $130 | — | View 990 |
| 2018 | $542K | $451K | $712K | $757 | — | View 990 |
| 2017 | $575K | $560K | $616K | $465 | — | View 990 |
| 2016 | $554K | $527K | $578K | $911 | — | View 990 |
| 2015 | $528K | $574K | $545K | $3K | — | View 990 |
| 2014 | $583K | $642K | $607K | $11K | — | View 990 |
| 2011 | $444K | $381K | $579K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $593K, expenses of $546K, and assets of $855K (revenue +129.4% year-over-year).
- 2022: Revenue of $258K, expenses of $307K, and assets of $784K (revenue +7.9% year-over-year).
- 2021: Revenue of $240K, expenses of $163K, and assets of $913K (revenue +61.1% year-over-year).
- 2020: Revenue of $149K, expenses of $132K, and assets of $820K (revenue -65.3% year-over-year).
- 2019: Revenue of $428K, expenses of $417K, and assets of $731K (revenue -21.0% year-over-year).
- 2018: Revenue of $542K, expenses of $451K, and assets of $712K (revenue -5.8% year-over-year).
- 2017: Revenue of $575K, expenses of $560K, and assets of $616K (revenue +3.7% year-over-year).
- 2016: Revenue of $554K, expenses of $527K, and assets of $578K (revenue +5.0% year-over-year).
- 2015: Revenue of $528K, expenses of $574K, and assets of $545K (revenue -9.5% year-over-year).
- 2014: Revenue of $583K, expenses of $642K, and assets of $607K (revenue +31.4% year-over-year).
- 2011: Revenue of $444K, expenses of $381K, and assets of $579K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for P T Barnum Foundation Inc:
Data Sources and Methodology
This transparency report for P T Barnum 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.