Panaphil Foundation
Panaphil Foundation consistently spends more than its annual revenue while growing its substantial asset base.
EIN: 136959472 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $7.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $109.3M |
| Transparency Score | 70/100 |
Is Panaphil Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Panaphil Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Panaphil Foundation
Panaphil Foundation (EIN: 136959472) is a nonprofit organization based in New York, NY. The organization reported total revenue of $12.9M and total assets of $113.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Panaphil Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Panaphil Foundation is a large nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $7.1M |
| Surplus / Deficit | $-1,143,891 |
| Total Assets | $109.3M |
| Total Liabilities | $1 |
| Net Assets | $109.3M |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.3 months |
Financial Health Grade: B
In 2023, Panaphil Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 185.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Panaphil Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.6% | +10.3% | +7.1% |
| 2022 | -60.8% | -16.2% | +5.3% |
| 2021 | +205.5% | +16.6% | +2.5% |
| 2020 | -0.5% | +35.5% | +20.8% |
| 2019 | -49.4% | -5.6% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Panaphil Foundation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Panaphil Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Panaphil Foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $100 million in assets and annual expenses exceeding $7 million. This suggests either a fully volunteer executive team or that compensation is being reported under different categories, warranting further investigation for complete transparency.
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 Panaphil Foundation's IRS 990 filings:
- Consistent operational deficit (expenses exceeding revenue in 8 of 10 periods)
- Unusually low (0%) reported officer compensation for an organization of this asset size, potentially indicating a lack of transparency or unusual reporting practices.
Strengths
The following positive indicators were identified for Panaphil Foundation:
- Significant and consistent growth in assets, from $70.4M in 2011 to $109.2M in 2023, indicating strong financial management of its endowment or investments.
- Very low reported liabilities ($1 in recent years), suggesting a healthy balance sheet in terms of debt.
Frequently Asked Questions about Panaphil Foundation
Is Panaphil Foundation a legitimate charity?
Panaphil Foundation (EIN: 136959472) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $12.9M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Panaphil Foundation spend its money?
Panaphil Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Panaphil Foundation tax-deductible?
Panaphil Foundation is registered as a tax-exempt nonprofit (EIN: 136959472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Panaphil Foundation CEO make?
Panaphil Foundation's highest-compensated officer earns $100 annually. The organization reported $12.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Panaphil Foundation's spending goes to programs?
Panaphil Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Panaphil Foundation located?
Panaphil Foundation is headquartered in New York, New York and files with the IRS under EIN 136959472.
How many years of IRS 990 filings does Panaphil Foundation have?
Panaphil Foundation has 10 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 $12.9M in total revenue.
How does Panaphil Foundation cover its consistent operational deficits?
The organization consistently spends more than its annual revenue (e.g., $7,075,123 expenses vs. $5,931,232 revenue in 2023). This suggests it likely draws from its substantial asset base, which grew from $70.4M in 2011 to $109.2M in 2023, or relies on investment returns not classified as direct revenue.
Why is officer compensation consistently reported as 0%?
Reporting 0% officer compensation for an organization of this size and activity level is highly unusual. It could indicate a volunteer-led executive team, or that executive compensation is categorized differently within the financial statements, which would require further detail to understand fully.
What is the NTEE code and specific mission of Panaphil Foundation?
The NTEE code is currently unknown from the provided data. Understanding the specific mission would allow for a more targeted assessment of program effectiveness and alignment with financial activities.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for assessing the organization's spending efficiency and how much of its budget directly supports its mission.
Filing History
IRS 990 filing history for Panaphil Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Panaphil Foundation's revenue has grown by 106.6%, moving from $2.9M to $5.9M. Total assets increased by 55% over the same period, from $70.5M to $109.3M. Total functional expenses rose by 82.4%, from $3.9M to $7.1M. In its most recent filing year (2023), Panaphil Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $109.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $109.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $7.1M | $109.3M | $1 | — | — |
| 2022 | $3.9M | $6.4M | $102.0M | $1 | — | View 990 |
| 2021 | $10.0M | $7.7M | $96.9M | $1 | — | View 990 |
| 2020 | $3.3M | $6.6M | $94.6M | $1 | — | View 990 |
| 2019 | $3.3M | $4.8M | $78.3M | $1 | — | — |
| 2015 | $6.5M | $5.1M | $75.8M | $0 | — | View 990 |
| 2014 | $5.9M | $3.2M | $74.4M | $0 | — | View 990 |
| 2013 | $5.5M | $3.4M | $71.8M | $0 | — | View 990 |
| 2012 | $2.7M | $3.5M | $69.7M | $0 | — | View 990 |
| 2011 | $2.9M | $3.9M | $70.5M | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $7.1M, and assets of $109.3M (revenue +51.6% year-over-year).
- 2022: Revenue of $3.9M, expenses of $6.4M, and assets of $102.0M (revenue -60.8% year-over-year).
- 2021: Revenue of $10.0M, expenses of $7.7M, and assets of $96.9M (revenue +205.5% year-over-year).
- 2020: Revenue of $3.3M, expenses of $6.6M, and assets of $94.6M (revenue -0.5% year-over-year).
- 2019: Revenue of $3.3M, expenses of $4.8M, and assets of $78.3M (revenue -49.4% year-over-year).
- 2015: Revenue of $6.5M, expenses of $5.1M, and assets of $75.8M (revenue +10.5% year-over-year).
- 2014: Revenue of $5.9M, expenses of $3.2M, and assets of $74.4M (revenue +6.9% year-over-year).
- 2013: Revenue of $5.5M, expenses of $3.4M, and assets of $71.8M (revenue +103.9% year-over-year).
- 2012: Revenue of $2.7M, expenses of $3.5M, and assets of $69.7M (revenue -6.2% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.9M, and assets of $70.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Panaphil Foundation:
Data Sources and Methodology
This transparency report for Panaphil Foundation 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.