Panwy Foundation Inc
Panwy Foundation Inc. consistently spends more than it earns annually, relying on its multi-million dollar asset base.
EIN: 136130759 · Greenwich, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $820K |
| Total Expenses | $306K |
| Program Spending | 75% |
| Net Assets | $3.3M |
| Transparency Score | 70/100 |
Is Panwy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Panwy Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Panwy Foundation Inc
Panwy Foundation Inc (EIN: 136130759) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $820K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Panwy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Panwy Foundation Inc is a small nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $306K |
| Surplus / Deficit | $-23,437 |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 130.4 months |
Financial Health Grade: B
In 2023, Panwy Foundation Inc reported a deficit of $23K with expenses exceeding revenue, holds 130.4 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), Panwy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.5% | +27.3% | +9.6% |
| 2022 | -65.1% | -33.9% | -1.6% |
| 2021 | +128.2% | +7.7% | +3.2% |
| 2020 | -38.3% | +81.8% | -2.7% |
| 2019 | +110.9% | -46.4% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Panwy Foundation Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Panwy Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a volunteer-led organization or that compensation falls below reporting thresholds, suggesting a highly efficient use of funds regarding leadership salaries relative to its multi-million dollar asset base.
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 Panwy Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in most years, e.g., 2023, 2022, 2020, 2015, 2014, 2012, 2011) without clear explanation of funding source beyond asset draw.
- NTEE code is unknown, making it difficult to assess mission alignment and program type without further information.
Strengths
The following positive indicators were identified for Panwy Foundation Inc:
- Strong asset base, consistently above $3 million, providing long-term financial stability.
- Extremely low liabilities, often $1, indicating sound debt management.
- No reported officer compensation across all filings, suggesting efficient use of funds regarding executive salaries.
Frequently Asked Questions about Panwy Foundation Inc
Is Panwy Foundation Inc a legitimate charity?
Panwy Foundation Inc (EIN: 136130759) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $820K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Panwy Foundation Inc spend its money?
Panwy Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Panwy Foundation Inc tax-deductible?
Panwy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136130759). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Panwy Foundation Inc's spending goes to programs?
Panwy Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Panwy Foundation Inc located?
Panwy Foundation Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 136130759.
How many years of IRS 990 filings does Panwy Foundation Inc have?
Panwy 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 $820K in total revenue.
How does Panwy Foundation Inc. cover its operational deficits?
The foundation consistently reports expenses exceeding revenue in most years (e.g., $305,994 expenses vs. $282,557 revenue in 2023), suggesting it draws from its substantial asset base, which has remained above $3 million, to cover these shortfalls.
What is the nature of the Panwy Foundation Inc.'s programs given its NTEE code is unknown?
Without the NTEE code or detailed expense breakdowns from the full 990 forms, it is not possible to determine the specific programmatic focus or activities of the Panwy Foundation Inc.
Is the Panwy Foundation Inc. financially stable?
Yes, the foundation appears financially stable due to its consistent multi-million dollar asset base (e.g., $3,324,871 in 2023), despite frequently operating with annual expenses exceeding revenues.
Filing History
IRS 990 filing history for Panwy Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Panwy Foundation Inc's revenue has grown by 42.7%, moving from $198K to $283K. Total assets decreased by 6.6% over the same period, from $3.6M to $3.3M. Total functional expenses fell by 16.9%, from $368K to $306K. In its most recent filing year (2023), Panwy Foundation Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $306K | $3.3M | $1 | — | View 990 |
| 2022 | $173K | $240K | $3.0M | $1 | — | View 990 |
| 2021 | $495K | $363K | $3.1M | $1 | — | View 990 |
| 2020 | $217K | $337K | $3.0M | $37K | — | View 990 |
| 2019 | $352K | $186K | $3.1M | $1 | — | — |
| 2015 | $167K | $346K | $3.1M | $1 | — | View 990 |
| 2014 | $235K | $364K | $3.3M | $1 | — | View 990 |
| 2013 | $332K | $282K | $3.5M | $1 | — | View 990 |
| 2012 | $281K | $400K | $3.4M | $1 | — | View 990 |
| 2011 | $198K | $368K | $3.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $306K, and assets of $3.3M (revenue +63.5% year-over-year).
- 2022: Revenue of $173K, expenses of $240K, and assets of $3.0M (revenue -65.1% year-over-year).
- 2021: Revenue of $495K, expenses of $363K, and assets of $3.1M (revenue +128.2% year-over-year).
- 2020: Revenue of $217K, expenses of $337K, and assets of $3.0M (revenue -38.3% year-over-year).
- 2019: Revenue of $352K, expenses of $186K, and assets of $3.1M (revenue +110.9% year-over-year).
- 2015: Revenue of $167K, expenses of $346K, and assets of $3.1M (revenue -29.0% year-over-year).
- 2014: Revenue of $235K, expenses of $364K, and assets of $3.3M (revenue -29.0% year-over-year).
- 2013: Revenue of $332K, expenses of $282K, and assets of $3.5M (revenue +17.9% year-over-year).
- 2012: Revenue of $281K, expenses of $400K, and assets of $3.4M (revenue +42.1% year-over-year).
- 2011: Revenue of $198K, expenses of $368K, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Panwy Foundation Inc:
Data Sources and Methodology
This transparency report for Panwy 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.