Paragano Family Foundation Inc
Paragano Family Foundation: Consistent Spending, Limited Public Detail
EIN: 222483286 · Philadelphia, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $868K |
| Program Spending | 70% |
| Net Assets | $8.2M |
| Transparency Score | 65/100 |
Is Paragano Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paragano Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Paragano Family Foundation Inc
Paragano Family Foundation Inc (EIN: 222483286) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $3.6M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paragano Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paragano Family Foundation Inc is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $868K |
| Surplus / Deficit | $-610,475 |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | -237.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 113.0 months |
Financial Health Grade: B
In 2023, Paragano Family Foundation Inc reported a deficit of $610K with expenses exceeding revenue, holds 113.0 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), Paragano Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.4% | +49.6% | -7.0% |
| 2022 | -54.5% | -3.7% | -1.7% |
| 2021 | +247.6% | -14.1% | +2.2% |
| 2020 | -63.9% | +16.1% | -5.1% |
| 2019 | -29.8% | +27.4% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Paragano Family Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Paragano Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $610K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the Form 990 reporting threshold or not applicable.
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 Paragano Family Foundation Inc's IRS 990 filings:
- Lack of detailed program descriptions makes it difficult to assess impact.
- Limited public transparency beyond basic financial filings.
Strengths
The following positive indicators were identified for Paragano Family Foundation Inc:
- Consistent asset base over several years.
- Low fundraising expenses based on available data.
Frequently Asked Questions about Paragano Family Foundation Inc
Is Paragano Family Foundation Inc a legitimate charity?
Paragano Family Foundation Inc (EIN: 222483286) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Paragano Family Foundation Inc spend its money?
Paragano Family Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Paragano Family Foundation Inc tax-deductible?
Paragano Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222483286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Paragano Family Foundation Inc's spending goes to programs?
Paragano Family Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Paragano Family Foundation Inc located?
Paragano Family Foundation Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222483286.
How many years of IRS 990 filings does Paragano Family Foundation Inc have?
Paragano Family 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 $3.6M in total revenue.
What does Paragano Family Foundation Inc do?
Paragano Family Foundation Inc is a nonprofit organization in the Unknown sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Paragano Family Foundation Inc have?
Paragano Family Foundation Inc reported total revenue of $3,564,671. Based on 10 IRS 990 filings on record.
What are Paragano Family Foundation Inc's total assets?
Paragano Family Foundation Inc holds total assets of $8,317,476 as reported in IRS 990 filings.
Where is Paragano Family Foundation Inc located?
Paragano Family Foundation Inc is based in Philadelphia, Pennsylvania.
What is Paragano Family Foundation Inc's EIN?
Paragano Family Foundation Inc's Employer Identification Number (EIN) is 222483286. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Paragano Family Foundation Inc?
Paragano Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Paragano Family Foundation Inc a registered 501(c)(3)?
Paragano Family Foundation Inc appears in IRS records (EIN: 222483286). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Paragano Family Foundation Inc file IRS Form 990?
Yes, Paragano Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Paragano Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Paragano Family Foundation Inc reported total revenue of $257,374, total expenses of $867,849, and net assets of $8,175,713.
Is Paragano Family Foundation Inc's revenue growing or declining?
Paragano Family Foundation Inc's revenue is declining. Revenue went from $364,570 (202212) to $257,374 (202312), a -29.4% change. Based on 10 filings on record.
What is Paragano Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Paragano Family Foundation Inc covers tax period 202312. It shows revenue of $257,374, expenses of $867,849, total assets of $8,175,713, and liabilities of $1.
How much does Paragano Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Paragano Family Foundation Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Paragano Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Paragano Family Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Paragano Family Foundation Inc?
The following concerns were identified: Lack of detailed program descriptions makes it difficult to assess impact.. Limited public transparency beyond basic financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Paragano Family Foundation Inc's strengths?
Positive indicators for Paragano Family Foundation Inc include: Consistent asset base over several years.. Low fundraising expenses based on available data.. These findings are derived from AI analysis of the organization's financial filings.
How does Paragano Family Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the Form 990 reporting threshold or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent asset base and revenue fluctuations, what is the primary strategy for maintaining the foundation's long-term financial stability?
The foundation appears to operate with a stable endowment, with annual revenues primarily covering operational expenses and grants, rather than significant growth initiatives. The 'x' value (expenses) consistently exceeds 'r' (revenue) in several years, suggesting reliance on existing assets.
How does the foundation ensure its grant-making aligns with its mission without detailed program descriptions?
Without specific program details, it's challenging to ascertain the alignment. The foundation likely operates with a clear internal grant-making policy, but this is not publicly disclosed, making external assessment difficult.
Filing History
IRS 990 filing history for Paragano Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Paragano Family Foundation Inc's revenue has declined by 70.7%, moving from $878K to $257K. Total assets increased by 29.5% over the same period, from $6.3M to $8.2M. Total functional expenses rose by 243.8%, from $252K to $868K. In its most recent filing year (2023), Paragano Family Foundation Inc reported a deficit of $610K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $257K | $868K | $8.2M | $1 | — | View 990 |
| 2022 | $365K | $580K | $8.8M | $1 | — | View 990 |
| 2021 | $801K | $602K | $8.9M | $1 | — | — |
| 2020 | $231K | $701K | $8.7M | $1 | — | — |
| 2019 | $639K | $604K | $9.2M | $1 | — | — |
| 2015 | $910K | $474K | $7.8M | $0 | — | View 990 |
| 2014 | $818K | $411K | $7.6M | $0 | — | View 990 |
| 2013 | $891K | $376K | $7.2M | $0 | — | View 990 |
| 2012 | $775K | $438K | $6.6M | $0 | — | View 990 |
| 2011 | $878K | $252K | $6.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $257K, expenses of $868K, and assets of $8.2M (revenue -29.4% year-over-year).
- 2022: Revenue of $365K, expenses of $580K, and assets of $8.8M (revenue -54.5% year-over-year).
- 2021: Revenue of $801K, expenses of $602K, and assets of $8.9M (revenue +247.6% year-over-year).
- 2020: Revenue of $231K, expenses of $701K, and assets of $8.7M (revenue -63.9% year-over-year).
- 2019: Revenue of $639K, expenses of $604K, and assets of $9.2M (revenue -29.8% year-over-year).
- 2015: Revenue of $910K, expenses of $474K, and assets of $7.8M (revenue +11.1% year-over-year).
- 2014: Revenue of $818K, expenses of $411K, and assets of $7.6M (revenue -8.2% year-over-year).
- 2013: Revenue of $891K, expenses of $376K, and assets of $7.2M (revenue +14.9% year-over-year).
- 2012: Revenue of $775K, expenses of $438K, and assets of $6.6M (revenue -11.7% year-over-year).
- 2011: Revenue of $878K, expenses of $252K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paragano Family Foundation Inc:
Data Sources and Methodology
This transparency report for Paragano Family 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.