Passyunk Avenue Revitalization Corporation
EIN: 232973751 · Philadelphia, PA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Net Assets | $5.1M |
Is Passyunk Avenue Revitalization Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Passyunk Avenue Revitalization Corporation
Passyunk Avenue Revitalization Corporation (EIN: 232973751) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code S20. The organization reported total revenue of $1.5M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Passyunk Avenue Revitalization Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Passyunk Avenue Revitalization Corporation is a mid-size nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-68,009 |
| Total Assets | $7.0M |
| Total Liabilities | $1.9M |
| Net Assets | $5.1M |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 27.4% |
| Months of Reserves | 60.5 months |
Financial Health Grade: B
In 2023, Passyunk Avenue Revitalization Corporation reported a deficit of $68K with expenses exceeding revenue, holds 60.5 months of operating reserves (strong position), has a debt-to-asset ratio of 27.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Passyunk Avenue Revitalization Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +7.1% | -1.6% |
| 2022 | +1.6% | -2.1% | -7.3% |
| 2021 | -2.6% | +5.8% | -5.2% |
| 2020 | +34.2% | +15.9% | +0.5% |
| 2019 | +14.5% | -3.3% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Passyunk Avenue Revitalization Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Passyunk Avenue Revitalization Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.4%.
Frequently Asked Questions about Passyunk Avenue Revitalization Corporation
Is Passyunk Avenue Revitalization Corporation a legitimate charity?
Passyunk Avenue Revitalization Corporation (EIN: 232973751) is a registered tax-exempt nonprofit based in Pennsylvania. It has 14 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: B.
How does Passyunk Avenue Revitalization Corporation spend its money?
Passyunk Avenue Revitalization Corporation reported $1.5M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Passyunk Avenue Revitalization Corporation tax-deductible?
Passyunk Avenue Revitalization Corporation is registered as a tax-exempt nonprofit (EIN: 232973751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Passyunk Avenue Revitalization Corporation located?
Passyunk Avenue Revitalization Corporation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 232973751. It is classified under NTEE code S20.
How many years of IRS 990 filings does Passyunk Avenue Revitalization Corporation have?
Passyunk Avenue Revitalization Corporation has 14 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Passyunk Avenue Revitalization Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Passyunk Avenue Revitalization Corporation's revenue has grown by 268.7%, moving from $358K to $1.3M. Total assets decreased by 52.9% over the same period, from $14.8M to $7.0M. Total functional expenses rose by 0.1%, from $1.4M to $1.4M. In its most recent filing year (2023), Passyunk Avenue Revitalization Corporation reported a deficit of $68K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $7.0M in assets (debt-to-asset ratio: 27.4%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $7.0M | $1.9M | — | View 990 |
| 2022 | $1.1M | $1.3M | $7.1M | $2.0M | — | — |
| 2021 | $1.1M | $1.3M | $7.7M | $2.3M | — | View 990 |
| 2020 | $1.1M | $1.3M | $8.1M | $2.6M | — | — |
| 2019 | $845K | $1.1M | $8.0M | $2.4M | — | View 990 |
| 2018 | $738K | $1.1M | $8.3M | $2.5M | — | View 990 |
| 2017 | $573K | $1.5M | $9.0M | $2.8M | — | — |
| 2016 | $1.0M | $1.5M | $9.8M | $2.6M | — | View 990 |
| 2015 | $650K | $1.8M | $10.1M | $2.5M | — | View 990 |
| 2014 | $544K | $1.3M | $10.4M | $1.6M | — | View 990 |
| 2013 | $569K | $1.1M | $8.5M | $694K | — | View 990 |
| 2012 | $145K | $1.2M | $9.3M | $365K | — | View 990 |
| 2011 | $9K | $835K | $13.5M | $471K | — | View 990 |
| 2010 | $358K | $1.4M | $14.8M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $7.0M (revenue +17.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $7.1M (revenue +1.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.3M, and assets of $7.7M (revenue -2.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $8.1M (revenue +34.2% year-over-year).
- 2019: Revenue of $845K, expenses of $1.1M, and assets of $8.0M (revenue +14.5% year-over-year).
- 2018: Revenue of $738K, expenses of $1.1M, and assets of $8.3M (revenue +28.8% year-over-year).
- 2017: Revenue of $573K, expenses of $1.5M, and assets of $9.0M (revenue -43.5% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.5M, and assets of $9.8M (revenue +56.0% year-over-year).
- 2015: Revenue of $650K, expenses of $1.8M, and assets of $10.1M (revenue +19.4% year-over-year).
- 2014: Revenue of $544K, expenses of $1.3M, and assets of $10.4M (revenue -4.3% year-over-year).
- 2013: Revenue of $569K, expenses of $1.1M, and assets of $8.5M (revenue +293.6% year-over-year).
- 2012: Revenue of $145K, expenses of $1.2M, and assets of $9.3M (revenue +1600.3% year-over-year).
- 2011: Revenue of $9K, expenses of $835K, and assets of $13.5M (revenue -97.6% year-over-year).
- 2010: Revenue of $358K, expenses of $1.4M, and assets of $14.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Passyunk Avenue Revitalization Corporation:
Data Sources and Methodology
This transparency report for Passyunk Avenue Revitalization Corporation 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.