Pals Plus Inc
Pals Plus Inc: Strong Program Spending, but Declining Assets Raise Questions
EIN: 223072580 · Clifton, NJ · NTEE: B71Z · Updated: 2026-04-04
About Pals Plus Inc
Pals Plus Inc (EIN: 223072580) is a nonprofit organization based in Clifton, NJ, classified under NTEE code B71Z. The organization reported total revenue of $853K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pals Plus 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 Pals Plus 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: 8%
- programs: 87%
- fundraising: 5%
According to IRS 990 filings, Pals Plus Inc allocates its expenses as follows: admin: 8%, programs: 87%, fundraising: 5%. With 87% directed toward programs, this reflects a strong commitment to its charitable mission.
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 Pals Plus Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $698,764 in 2021 to $542,287 in 2023, warranting further investigation.
- Despite consistent revenue, the organization has reported net losses in several years (e.g., 2022 and 2023), indicating expenses exceeding income.
Strengths
The following positive indicators were identified for Pals Plus Inc:
- Consistently high percentage of spending allocated to programs (e.g., 87% in 2023), indicating a strong focus on their mission.
- Low administrative and fundraising costs demonstrate efficient operations.
- Long history of operations with consistent filings, suggesting stability and commitment.
Frequently Asked Questions about Pals Plus Inc
What does Pals Plus Inc do?
Pals Plus Inc is a nonprofit organization in the Education sector, located in Clifton, New Jersey. It is classified under NTEE code B71Z.
How much revenue does Pals Plus Inc have?
Pals Plus Inc reported total revenue of $853,044. Based on 13 IRS 990 filings on record.
What are Pals Plus Inc's total assets?
Pals Plus Inc holds total assets of $542,287 as reported in IRS 990 filings.
Where is Pals Plus Inc located?
Pals Plus Inc is based in Clifton, New Jersey.
What is Pals Plus Inc's EIN?
Pals Plus Inc's Employer Identification Number (EIN) is 223072580. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pals Plus Inc?
Pals Plus Inc is classified under NTEE code B71Z (Education).
Is Pals Plus Inc a registered 501(c)(3)?
Yes, Pals Plus Inc is recognized as a tax-exempt organization by the IRS. EIN: 223072580.
Does Pals Plus Inc file IRS Form 990?
Yes, Pals Plus Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Pals Plus Inc's revenue in 2023?
In the 202312 filing period, Pals Plus Inc reported total revenue of $789,467, total expenses of $911,079, and net assets of $569,904.
Is Pals Plus Inc's revenue growing or declining?
Pals Plus Inc's revenue is declining. Revenue went from $839,592 (202212) to $789,467 (202312), a -6.0% change. Based on 13 filings on record.
What is Pals Plus Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Pals Plus Inc covers tax period 202312. It shows revenue of $789,467, expenses of $911,079, total assets of $569,904, and liabilities of $77,537.
How much does Pals Plus Inc spend on programs vs administration?
Based on IRS 990 analysis, Pals Plus Inc allocates approximately 87% of expenses to program services, 8% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Pals Plus Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Pals Plus Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Pals Plus Inc?
The following concerns were identified: Total assets have shown a consistent decline from $698,764 in 2021 to $542,287 in 2023, warranting further investigation.. Despite consistent revenue, the organization has reported net losses in several years (e.g., 2022 and 2023), indicating expenses exceeding income.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pals Plus Inc's strengths?
Positive indicators for Pals Plus Inc include: Consistently high percentage of spending allocated to programs (e.g., 87% in 2023), indicating a strong focus on their mission.. Low administrative and fundraising costs demonstrate efficient operations.. Long history of operations with consistent filings, suggesting stability and commitment.. These findings are derived from AI analysis of the organization's financial filings.
How does Pals Plus 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.
What factors are contributing to the consistent decline in total assets over the past few years, despite relatively stable revenue?
The data shows a decrease in total assets from $698,764 in 2021 to $542,287 in 2023. This trend, alongside reported net losses in some years, suggests that expenses may be outpacing revenue or that significant asset depreciation/disposal is occurring, which would require a deeper dive into their balance sheet and cash flow statements.
Given the consistent net losses in recent years (e.g., 2022 and 2023), what strategies are in place to ensure long-term financial sustainability?
While program spending is high, the recurring net losses (e.g., $903,063 in expenses vs. $839,592 in revenue in 2022, and $911,079 in expenses vs. $789,467 in revenue in 2023) indicate a potential structural deficit. Understanding their financial planning and fundraising strategies to address these shortfalls is crucial for assessing long-term viability.
Filing History
IRS 990 filing history for Pals Plus Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pals Plus Inc's revenue has grown by 3.7%, moving from $762K to $789K. Total assets increased by 77.3% over the same period, from $321K to $570K. Total functional expenses rose by 26%, from $723K to $911K. In its most recent filing year (2023), Pals Plus Inc reported a deficit of $122K, with expenses exceeding revenue. The organization holds $78K in liabilities against $570K in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $492K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $789K | $911K | $570K | $78K | — | — |
| 2022 | $840K | $903K | $688K | $74K | — | View 990 |
| 2021 | $813K | $768K | $699K | $21K | — | View 990 |
| 2020 | $899K | $724K | $651K | $18K | — | — |
| 2019 | $754K | $717K | $477K | $19K | — | View 990 |
| 2018 | $680K | $664K | $449K | $28K | — | View 990 |
| 2017 | $630K | $628K | $347K | $56K | — | View 990 |
| 2016 | $542K | $622K | $297K | $7K | — | View 990 |
| 2015 | $606K | $678K | $388K | $4K | — | View 990 |
| 2014 | $651K | $716K | $481K | $25K | — | View 990 |
| 2013 | $725K | $569K | $561K | $40K | — | View 990 |
| 2012 | $636K | $698K | $367K | $4K | — | View 990 |
| 2011 | $762K | $723K | $321K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $789K, expenses of $911K, and assets of $570K (revenue -6.0% year-over-year).
- 2022: Revenue of $840K, expenses of $903K, and assets of $688K (revenue +3.3% year-over-year).
- 2021: Revenue of $813K, expenses of $768K, and assets of $699K (revenue -9.6% year-over-year).
- 2020: Revenue of $899K, expenses of $724K, and assets of $651K (revenue +19.2% year-over-year).
- 2019: Revenue of $754K, expenses of $717K, and assets of $477K (revenue +10.9% year-over-year).
- 2018: Revenue of $680K, expenses of $664K, and assets of $449K (revenue +8.0% year-over-year).
- 2017: Revenue of $630K, expenses of $628K, and assets of $347K (revenue +16.2% year-over-year).
- 2016: Revenue of $542K, expenses of $622K, and assets of $297K (revenue -10.6% year-over-year).
- 2015: Revenue of $606K, expenses of $678K, and assets of $388K (revenue -6.9% year-over-year).
- 2014: Revenue of $651K, expenses of $716K, and assets of $481K (revenue -10.2% year-over-year).
- 2013: Revenue of $725K, expenses of $569K, and assets of $561K (revenue +14.0% year-over-year).
- 2012: Revenue of $636K, expenses of $698K, and assets of $367K (revenue -16.5% year-over-year).
- 2011: Revenue of $762K, expenses of $723K, and assets of $321K.
Data Sources and Methodology
This transparency report for Pals Plus 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.