Paneth Family Charitable Trust
Paneth Family Charitable Trust consistently spends more than it earns, drawing down assets.
EIN: 116415770 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $4.4M |
| Transparency Score | 65/100 |
Is Paneth Family Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paneth Family Charitable Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paneth Family Charitable Trust
Paneth Family Charitable Trust (EIN: 116415770) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $4.9M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paneth Family Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paneth Family Charitable Trust is a mid-size nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $555K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,420,802 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -255.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.9 months |
Financial Health Grade: B
In 2023, Paneth Family Charitable Trust reported a deficit of $1.4M with expenses exceeding revenue, holds 26.9 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), Paneth Family Charitable Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | +101.1% | -24.3% |
| 2022 | -36.3% | +44.9% | -6.2% |
| 2021 | -3.0% | -50.1% | +4.1% |
| 2020 | +10.5% | +6.9% | -6.3% |
| 2019 | -25.0% | +98.9% | -17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Paneth Family Charitable Trust with a Mission Score of 65 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, Paneth Family Charitable Trust 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization of its size and suggests a volunteer-led or externally managed structure.
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 Paneth Family Charitable Trust's IRS 990 filings:
- Consistent operating deficits (e.g., 2023 expenses $1,975,971 vs. revenue $555,169)
- Significant decline in assets over time (from $7.7M in 2015 to $4.4M in 2023)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Paneth Family Charitable Trust:
- Zero officer compensation reported across all periods, indicating efficient use of funds at the executive level.
- Consistently low liabilities, suggesting good financial management of debt.
- Regular filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Paneth Family Charitable Trust
Is Paneth Family Charitable Trust a legitimate charity?
Paneth Family Charitable Trust (EIN: 116415770) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Paneth Family Charitable Trust spend its money?
Paneth Family Charitable Trust directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Paneth Family Charitable Trust tax-deductible?
Paneth Family Charitable Trust is registered as a tax-exempt nonprofit (EIN: 116415770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Paneth Family Charitable Trust's spending goes to programs?
Paneth Family Charitable Trust directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Paneth Family Charitable Trust located?
Paneth Family Charitable Trust is headquartered in Brooklyn, New York and files with the IRS under EIN 116415770.
How many years of IRS 990 filings does Paneth Family Charitable Trust have?
Paneth Family Charitable Trust 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 $4.9M in total revenue.
How does the Paneth Family Charitable Trust cover its consistent operating deficits?
The trust appears to cover its operating deficits by drawing down its asset base, as evidenced by the decline in assets from $7,726,494 in 2015 to $4,423,158 in 2023, while expenses frequently exceed revenue.
What are the specific program activities funded by the trust?
The provided data does not specify the exact program activities. Further investigation into the full IRS 990 forms would be needed to understand the nature of its charitable disbursements.
Is the current financial model sustainable given the declining assets?
The current financial model, characterized by expenses consistently exceeding revenue and a declining asset base, may not be sustainable in the long term without a significant increase in revenue or a reduction in expenses.
Filing History
IRS 990 filing history for Paneth Family Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Paneth Family Charitable Trust's revenue has grown by 4%, moving from $534K to $555K. Total assets decreased by 35.6% over the same period, from $6.9M to $4.4M. Total functional expenses rose by 4.3%, from $1.9M to $2.0M. In its most recent filing year (2023), Paneth Family Charitable Trust reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $555K | $2.0M | $4.4M | $1 | — | — |
| 2022 | $589K | $982K | $5.8M | $1 | — | View 990 |
| 2021 | $925K | $678K | $6.2M | $1 | — | View 990 |
| 2020 | $954K | $1.4M | $6.0M | $1 | — | View 990 |
| 2019 | $863K | $1.3M | $6.4M | $1 | — | — |
| 2015 | $1.1M | $639K | $7.7M | $1 | — | View 990 |
| 2014 | $969K | $653K | $7.2M | $6K | — | View 990 |
| 2013 | $850K | $908K | $6.9M | $1 | — | View 990 |
| 2012 | $677K | $583K | $7.0M | $1 | — | View 990 |
| 2011 | $534K | $1.9M | $6.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $555K, expenses of $2.0M, and assets of $4.4M (revenue -5.8% year-over-year).
- 2022: Revenue of $589K, expenses of $982K, and assets of $5.8M (revenue -36.3% year-over-year).
- 2021: Revenue of $925K, expenses of $678K, and assets of $6.2M (revenue -3.0% year-over-year).
- 2020: Revenue of $954K, expenses of $1.4M, and assets of $6.0M (revenue +10.5% year-over-year).
- 2019: Revenue of $863K, expenses of $1.3M, and assets of $6.4M (revenue -25.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $639K, and assets of $7.7M (revenue +18.7% year-over-year).
- 2014: Revenue of $969K, expenses of $653K, and assets of $7.2M (revenue +13.9% year-over-year).
- 2013: Revenue of $850K, expenses of $908K, and assets of $6.9M (revenue +25.6% year-over-year).
- 2012: Revenue of $677K, expenses of $583K, and assets of $7.0M (revenue +26.8% year-over-year).
- 2011: Revenue of $534K, expenses of $1.9M, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paneth Family Charitable Trust:
Data Sources and Methodology
This transparency report for Paneth Family Charitable Trust 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.