Parents And Teachers Association Of P S 29 Inc
Parents And Teachers Association Of P S 29 Inc shows strong financial health with growing assets and no officer compensation.
EIN: 112853020 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $933K |
| Transparency Score | 92/100 |
Is Parents And Teachers Association Of P S 29 Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parents And Teachers Association Of P S 29 Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parents And Teachers Association Of P S 29 Inc
Parents And Teachers Association Of P S 29 Inc (EIN: 112853020) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $1.8M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parents And Teachers Association Of P S 29 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parents And Teachers Association Of P S 29 Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$393K |
| Total Assets | $970K |
| Total Liabilities | $37K |
| Net Assets | $933K |
| Operating Margin | 23.4% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Parents And Teachers Association Of P S 29 Inc reported a surplus of $393K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Parents And Teachers Association Of P S 29 Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +0.6% | +69.9% |
| 2022 | +347.1% | +147.1% | +53.9% |
| 2021 | -68.4% | -57.8% | -35.7% |
| 2020 | -42.0% | -26.5% | -20.0% |
| 2019 | +22.9% | +18.6% | +18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Parents And Teachers Association Of P S 29 Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Parents And Teachers Association Of P S 29 Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $393K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Parents And Teachers Association Of P S 29 Inc:
- No officer compensation reported across all filings, indicating volunteer leadership.
- Consistent revenue generation, with latest revenue at $1,677,253 in 2023.
- Strong asset growth, nearly doubling from $571,073 in 2022 to $970,331 in 2023.
- Very low liabilities, consistently under 5% of total assets.
- History of consistent IRS 990 filings, demonstrating transparency and compliance.
Frequently Asked Questions about Parents And Teachers Association Of P S 29 Inc
Is Parents And Teachers Association Of P S 29 Inc a legitimate charity?
Parents And Teachers Association Of P S 29 Inc (EIN: 112853020) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Parents And Teachers Association Of P S 29 Inc spend its money?
Parents And Teachers Association Of P S 29 Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Parents And Teachers Association Of P S 29 Inc tax-deductible?
Parents And Teachers Association Of P S 29 Inc is registered as a tax-exempt nonprofit (EIN: 112853020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Parents And Teachers Association Of P S 29 Inc's spending goes to programs?
Parents And Teachers Association Of P S 29 Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Parents And Teachers Association Of P S 29 Inc located?
Parents And Teachers Association Of P S 29 Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112853020.
How many years of IRS 990 filings does Parents And Teachers Association Of P S 29 Inc have?
Parents And Teachers Association Of P S 29 Inc has 13 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 $1.8M in total revenue.
Is Parents And Teachers Association Of P S 29 Inc a good charity?
Based on the financial data, the organization appears to be a very good charity. It consistently generates significant revenue, maintains low liabilities, and has no reported officer compensation, suggesting a high percentage of funds go directly to its mission.
How has the organization's financial health changed over time?
The organization has shown strong financial growth and resilience. Assets have nearly doubled from $571,073 in 2022 to $970,331 in 2023, and revenue has generally been robust, recovering well from a dip in 2021.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is entirely volunteer-based, which is a strong positive for efficiency and mission focus.
Filing History
IRS 990 filing history for Parents And Teachers Association Of P S 29 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Parents And Teachers Association Of P S 29 Inc's revenue has grown by 96.6%, moving from $853K to $1.7M. Total assets increased by 475.2% over the same period, from $169K to $970K. Total functional expenses rose by 65%, from $778K to $1.3M. In its most recent filing year (2023), Parents And Teachers Association Of P S 29 Inc reported a surplus of $393K, with revenue exceeding expenses. The organization holds $37K in liabilities against $970K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $933K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.3M | $970K | $37K | — | View 990 |
| 2022 | $1.4M | $1.3M | $571K | $31K | — | View 990 |
| 2021 | $323K | $517K | $371K | $0 | — | View 990 |
| 2020 | $1.0M | $1.2M | $577K | $73K | — | View 990 |
| 2019 | $1.8M | $1.7M | $722K | $17K | — | View 990 |
| 2018 | $1.4M | $1.4M | $610K | $5K | — | View 990 |
| 2017 | $1.2M | $1.2M | $577K | $6K | — | View 990 |
| 2016 | $1.2M | $960K | $523K | $7K | — | View 990 |
| 2015 | $1.1M | $1.1M | $316K | $2K | — | View 990 |
| 2014 | $1.1M | $1.0M | $300K | $6K | — | View 990 |
| 2013 | $971K | $938K | $212K | $0 | — | View 990 |
| 2012 | $1000K | $979K | $208K | $29K | — | View 990 |
| 2011 | $853K | $778K | $169K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.3M, and assets of $970K (revenue +16.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $571K (revenue +347.1% year-over-year).
- 2021: Revenue of $323K, expenses of $517K, and assets of $371K (revenue -68.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.2M, and assets of $577K (revenue -42.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $722K (revenue +22.9% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $610K (revenue +17.2% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $577K (revenue +5.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $960K, and assets of $523K (revenue +7.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $316K (revenue -4.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.0M, and assets of $300K (revenue +16.2% year-over-year).
- 2013: Revenue of $971K, expenses of $938K, and assets of $212K (revenue -2.9% year-over-year).
- 2012: Revenue of $1000K, expenses of $979K, and assets of $208K (revenue +17.2% year-over-year).
- 2011: Revenue of $853K, expenses of $778K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parents And Teachers Association Of P S 29 Inc:
Data Sources and Methodology
This transparency report for Parents And Teachers Association Of P S 29 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.