Packard Group Ii
EIN: 383051707 · Southfield, MI · NTEE: Z99Z
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $361K |
| Net Assets | $57K |
Is Packard Group Ii Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Packard Group Ii
Packard Group Ii (EIN: 383051707) is a nonprofit organization based in Southfield, MI, classified under NTEE code Z99Z. The organization reported total revenue of $381K and total assets of $117K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Packard Group Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Packard Group Ii is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $361K |
| Total Expenses | $361K |
| Surplus / Deficit | +$30 |
| Total Assets | $84K |
| Total Liabilities | $27K |
| Net Assets | $57K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 32.0% |
| Months of Reserves | 2.8 months |
Financial Health Grade: B
In 2023, Packard Group Ii reported a surplus of $30 with revenue exceeding expenses, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 32.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Packard Group Ii's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | +7.9% | +13.9% |
| 2022 | +29.7% | +18.5% | +179.3% |
| 2021 | +5.4% | -9.7% | -54.4% |
| 2020 | -11.8% | -2.6% | +52.6% |
| 2019 | +7.3% | -10.2% | +72.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Packard Group Ii has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Packard Group Ii with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.0%.
Frequently Asked Questions about Packard Group Ii
Is Packard Group Ii a legitimate charity?
Based on AI analysis of IRS 990 filings, Packard Group Ii (EIN: 383051707) insufficient data. 0 red flags identified, 0 strengths noted.
How does Packard Group Ii spend its money?
Detailed spending breakdown data is not yet available for Packard Group Ii. Check back for updated IRS 990 analysis.
Are donations to Packard Group Ii tax-deductible?
Packard Group Ii is registered as a tax-exempt nonprofit (EIN: 383051707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Packard Group Ii located?
Packard Group Ii is headquartered in Southfield, Michigan and files with the IRS under EIN 383051707. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Packard Group Ii have?
Packard Group Ii 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 $381K in total revenue.
Filing History
IRS 990 filing history for Packard Group Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Packard Group Ii's revenue has grown by 50.5%, moving from $240K to $361K. Total assets increased by 261.3% over the same period, from $23K to $84K. Total functional expenses rose by 52.4%, from $237K to $361K. In its most recent filing year (2023), Packard Group Ii reported a surplus of $30, with revenue exceeding expenses. The organization holds $27K in liabilities against $84K in assets (debt-to-asset ratio: 32.0%), resulting in net assets of $57K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $361K | $361K | $84K | $27K | — | View 990 |
| 2022 | $395K | $334K | $73K | $17K | — | View 990 |
| 2021 | $304K | $282K | $26K | $750 | — | View 990 |
| 2020 | $289K | $312K | $58K | $54K | — | — |
| 2019 | $328K | $321K | $38K | $11K | — | View 990 |
| 2018 | $305K | $357K | $22K | $2K | — | View 990 |
| 2017 | $322K | $357K | $74K | $2K | — | View 990 |
| 2016 | $350K | $292K | $107K | $0 | — | View 990 |
| 2015 | $248K | $275K | $58K | $9K | — | View 990 |
| 2014 | $249K | $273K | $63K | $0 | — | View 990 |
| 2013 | $273K | $236K | $96K | $9K | — | View 990 |
| 2012 | $243K | $213K | $53K | $3K | — | — |
| 2011 | $240K | $237K | $23K | $3K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $361K, expenses of $361K, and assets of $84K (revenue -8.6% year-over-year).
- 2022: Revenue of $395K, expenses of $334K, and assets of $73K (revenue +29.7% year-over-year).
- 2021: Revenue of $304K, expenses of $282K, and assets of $26K (revenue +5.4% year-over-year).
- 2020: Revenue of $289K, expenses of $312K, and assets of $58K (revenue -11.8% year-over-year).
- 2019: Revenue of $328K, expenses of $321K, and assets of $38K (revenue +7.3% year-over-year).
- 2018: Revenue of $305K, expenses of $357K, and assets of $22K (revenue -5.3% year-over-year).
- 2017: Revenue of $322K, expenses of $357K, and assets of $74K (revenue -7.9% year-over-year).
- 2016: Revenue of $350K, expenses of $292K, and assets of $107K (revenue +40.9% year-over-year).
- 2015: Revenue of $248K, expenses of $275K, and assets of $58K (revenue -0.2% year-over-year).
- 2014: Revenue of $249K, expenses of $273K, and assets of $63K (revenue -8.8% year-over-year).
- 2013: Revenue of $273K, expenses of $236K, and assets of $96K (revenue +12.1% year-over-year).
- 2012: Revenue of $243K, expenses of $213K, and assets of $53K (revenue +1.6% year-over-year).
- 2011: Revenue of $240K, expenses of $237K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Packard Group Ii:
Data Sources and Methodology
This transparency report for Packard Group Ii 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.