Panasonic Foundation Inc
Panasonic Foundation: Declining Assets, Consistent Program Spending
EIN: 222548639 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $1.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $8.8M |
| Transparency Score | 75/100 |
Is Panasonic Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Panasonic Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Panasonic Foundation Inc
Panasonic Foundation Inc (EIN: 222548639) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $3.8M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Panasonic Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Panasonic Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$454K |
| Total Assets | $8.8M |
| Total Liabilities | $1 |
| Net Assets | $8.8M |
| Operating Margin | 21.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 63.9 months |
Financial Health Grade: A
In 2023, Panasonic Foundation Inc reported a surplus of $454K with revenue exceeding expenses, holds 63.9 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), Panasonic Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.3% | +28.6% | -1.3% |
| 2022 | -35.8% | -17.6% | -17.2% |
| 2021 | +55.9% | -5.6% | +-0.0% |
| 2020 | +4.2% | -13.9% | -2.5% |
| 2019 | +145.7% | -17.3% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Panasonic Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Panasonic Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $454K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation handled through an external entity not reflected in these specific 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 Panasonic Foundation Inc's IRS 990 filings:
- Total assets have significantly declined from $14,483,380 in 2014 to $8,831,155 in 2023.
- The organization consistently reports $0 for compensation of officers, directors, trustees, and key employees, which warrants further investigation for a foundation of this size.
- Lack of independent audit or review of financial statements raises concerns about financial oversight and accountability.
Strengths
The following positive indicators were identified for Panasonic Foundation Inc:
- A high percentage of expenses consistently allocated to programs (e.g., 90% in 2023 based on $1,658,814 total expenses and $1,492,932 program service expenses, assuming 10% admin/fundraising split for remaining expenses).
- Consistent revenue generation, albeit with fluctuations, indicating ongoing donor support or investment income.
- Long operational history, suggesting established presence and mission.
Frequently Asked Questions about Panasonic Foundation Inc
Is Panasonic Foundation Inc a legitimate charity?
Panasonic Foundation Inc (EIN: 222548639) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.8M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Panasonic Foundation Inc spend its money?
Panasonic Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Panasonic Foundation Inc tax-deductible?
Panasonic Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222548639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Panasonic Foundation Inc CEO make?
Panasonic Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Panasonic Foundation Inc's spending goes to programs?
Panasonic Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Panasonic Foundation Inc located?
Panasonic Foundation Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 222548639.
How many years of IRS 990 filings does Panasonic Foundation Inc have?
Panasonic Foundation Inc 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 $3.8M in total revenue.
What does Panasonic Foundation Inc do?
Panasonic Foundation Inc is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Panasonic Foundation Inc have?
Panasonic Foundation Inc reported total revenue of $3,754,724. Based on 10 IRS 990 filings on record.
What are Panasonic Foundation Inc's total assets?
Panasonic Foundation Inc holds total assets of $9,352,809 as reported in IRS 990 filings.
Where is Panasonic Foundation Inc located?
Panasonic Foundation Inc is based in Newark, New Jersey.
What is Panasonic Foundation Inc's EIN?
Panasonic Foundation Inc's Employer Identification Number (EIN) is 222548639. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Panasonic Foundation Inc?
Panasonic Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Panasonic Foundation Inc a registered 501(c)(3)?
Panasonic Foundation Inc appears in IRS records (EIN: 222548639). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Panasonic Foundation Inc file IRS Form 990?
Yes, Panasonic Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Panasonic Foundation Inc's revenue in 2023?
In the 202312 filing period, Panasonic Foundation Inc reported total revenue of $2,112,596, total expenses of $1,658,814, and net assets of $8,831,155.
Is Panasonic Foundation Inc's revenue growing or declining?
Panasonic Foundation Inc's revenue is growing. Revenue went from $1,127,779 (202212) to $2,112,596 (202312), a +87.3% change. Based on 10 filings on record.
What is Panasonic Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Panasonic Foundation Inc covers tax period 202312. It shows revenue of $2,112,596, expenses of $1,658,814, total assets of $8,831,155, and liabilities of $1.
How much does Panasonic Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Panasonic Foundation Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Panasonic Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Panasonic Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Panasonic Foundation Inc?
The following concerns were identified: Total assets have significantly declined from $14,483,380 in 2014 to $8,831,155 in 2023.. The organization consistently reports $0 for compensation of officers, directors, trustees, and key employees, which warrants further investigation for a foundation of this size.. Lack of independent audit or review of financial statements raises concerns about financial oversight and accountability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Panasonic Foundation Inc's strengths?
Positive indicators for Panasonic Foundation Inc include: A high percentage of expenses consistently allocated to programs (e.g., 90% in 2023 based on $1,658,814 total expenses and $1,492,932 program service expenses, assuming 10% admin/fundraising split for remaining expenses).. Consistent revenue generation, albeit with fluctuations, indicating ongoing donor support or investment income.. Long operational history, suggesting established presence and mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Panasonic Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation handled through an external entity not reflected in these specific filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does Panasonic Foundation Inc. manage its leadership and administrative functions, and what is the source of funding for these operational costs if not directly reported?
The consistent $0 executive compensation suggests that leadership may be volunteer-based, or compensation is covered by the Panasonic Corporation as part of its corporate social responsibility, or through an external management agreement not detailed in these public filings. Further investigation into their operational structure and any affiliated entities would be necessary to understand how administrative functions are funded and managed without reported executive salaries.
What factors contributed to the substantial decline in total assets from over $14 million in 2014 to under $9 million in 2023, and how does this impact the foundation's long-term sustainability and program capacity?
The decline in assets could be due to several factors including significant program expenditures exceeding revenue, poor investment performance, or strategic asset distribution. This trend could limit the foundation's endowment-based funding capacity and potentially reduce the scale or scope of future programs if not addressed, impacting long-term sustainability.
Filing History
IRS 990 filing history for Panasonic Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Panasonic Foundation Inc's revenue has grown by 407.8%, moving from $416K to $2.1M. Total assets decreased by 38.3% over the same period, from $14.3M to $8.8M. Total functional expenses fell by 14.6%, from $1.9M to $1.7M. In its most recent filing year (2023), Panasonic Foundation Inc reported a surplus of $454K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.7M | $8.8M | $1 | — | — |
| 2022 | $1.1M | $1.3M | $8.9M | $1 | — | View 990 |
| 2021 | $1.8M | $1.6M | $10.8M | $1 | — | View 990 |
| 2020 | $1.1M | $1.7M | $10.8M | $1 | — | — |
| 2019 | $1.1M | $1.9M | $11.1M | $123K | — | View 990 |
| 2015 | $440K | $2.3M | $12.3M | $0 | — | View 990 |
| 2014 | $400K | $2.3M | $14.5M | $0 | — | View 990 |
| 2013 | $375K | $2.0M | $15.7M | $0 | — | View 990 |
| 2012 | $416K | $2.0M | $14.7M | $0 | — | View 990 |
| 2011 | $416K | $1.9M | $14.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.7M, and assets of $8.8M (revenue +87.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $8.9M (revenue -35.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $10.8M (revenue +55.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.7M, and assets of $10.8M (revenue +4.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.9M, and assets of $11.1M (revenue +145.7% year-over-year).
- 2015: Revenue of $440K, expenses of $2.3M, and assets of $12.3M (revenue +10.0% year-over-year).
- 2014: Revenue of $400K, expenses of $2.3M, and assets of $14.5M (revenue +6.7% year-over-year).
- 2013: Revenue of $375K, expenses of $2.0M, and assets of $15.7M (revenue -9.9% year-over-year).
- 2012: Revenue of $416K, expenses of $2.0M, and assets of $14.7M (revenue +0.0% year-over-year).
- 2011: Revenue of $416K, expenses of $1.9M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Panasonic Foundation Inc:
Data Sources and Methodology
This transparency report for Panasonic 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.