Part Of The Solution Inc

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Part Of The Solution Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Part Of The Solution Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Part Of The Solution Inc in one place.

Is Part Of The Solution Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Part Of The Solution Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Part Of The Solution Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Part Of The Solution Inc

Part Of The Solution Inc (EIN: 133425071) is a nonprofit organization based in Bronx, NY, classified under NTEE code K350. The organization reported total revenue of $13.8M and total assets of $22.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Part Of The Solution Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Part Of The Solution Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Part Of The Solution Inc reported a surplus of $297K with revenue exceeding expenses, holds 26.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Part Of The Solution Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.

IRS Tax-Exempt Classification

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 Part Of The Solution 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, Part Of The Solution 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 $297K, with revenue exceeding expenses.
• Debt-to-asset ratio: 21.1%.

Executive Compensation Analysis

Part Of The Solution Inc consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with revenues approaching $9 million, suggesting either volunteer leadership or compensation structured outside of typical officer reporting.

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 Part Of The Solution Inc's IRS 990 filings:

• Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may warrant further inquiry into executive compensation structures.

Strengths

The following positive indicators were identified for Part Of The Solution Inc:

• Consistent revenue growth, reaching $8,969,517 in 2023.
• Strong and growing asset base, reaching $19,165,014 in 2023.
• Zero reported officer compensation across all filings, suggesting a high dedication to mission.
• Expenses generally well-managed below revenue, allowing for asset accumulation.
• Long history of consistent IRS 990 filings, indicating good transparency.

Frequently Asked Questions about Part Of The Solution Inc

Filing History

IRS 990 filing history for Part Of The Solution Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Part Of The Solution Inc's revenue has grown by 271.2%, moving from $2.4M to $9.0M. Total assets increased by 81% over the same period, from $10.6M to $19.2M. Total functional expenses rose by 218.2%, from $2.7M to $8.7M. In its most recent filing year (2023), Part Of The Solution Inc reported a surplus of $297K, with revenue exceeding expenses. The organization holds $4.0M in liabilities against $19.2M in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $15.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $9.0M, expenses of $8.7M, and assets of $19.2M (revenue +9.5% year-over-year).
• 2022: Revenue of $8.2M, expenses of $7.4M, and assets of $15.6M (revenue +12.2% year-over-year).
• 2021: Revenue of $7.3M, expenses of $6.3M, and assets of $14.6M (revenue -15.4% year-over-year).
• 2020: Revenue of $8.6M, expenses of $6.9M, and assets of $13.8M (revenue +94.5% year-over-year).
• 2019: Revenue of $4.4M, expenses of $4.4M, and assets of $11.4M (revenue -8.1% year-over-year).
• 2018: Revenue of $4.8M, expenses of $4.4M, and assets of $11.9M (revenue -61.5% year-over-year).
• 2017: Revenue of $12.5M, expenses of $4.1M, and assets of $11.1M (revenue +234.0% year-over-year).
• 2016: Revenue of $3.8M, expenses of $3.8M, and assets of $11.0M (revenue +0.9% year-over-year).
• 2015: Revenue of $3.7M, expenses of $3.4M, and assets of $11.1M (revenue +8.9% year-over-year).
• 2014: Revenue of $3.4M, expenses of $3.1M, and assets of $10.7M (revenue +13.2% year-over-year).
• 2013: Revenue of $3.0M, expenses of $2.9M, and assets of $10.4M (revenue +27.3% year-over-year).
• 2012: Revenue of $2.4M, expenses of $2.6M, and assets of $10.2M (revenue -1.9% year-over-year).
• 2011: Revenue of $2.4M, expenses of $2.7M, and assets of $10.6M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Part Of The Solution Inc:

Data Sources and Methodology

This transparency report for Part Of The Solution 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.