Pat A Cake Inc
Pat A Cake Inc. experiences a deficit in 2023 after years of revenue growth, with no reported officer compensation.
EIN: 203711966 · Greenwich, CT · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $950K |
| Total Expenses | $976K |
| Program Spending | 80% |
| Net Assets | $290K |
| Transparency Score | 85/100 |
Is Pat A Cake Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pat A Cake Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pat A Cake Inc
Pat A Cake Inc (EIN: 203711966) is a nonprofit organization based in Greenwich, CT, classified under NTEE code P33. The organization reported total revenue of $950K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pat A Cake Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pat A Cake Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $858K |
| Total Expenses | $976K |
| Surplus / Deficit | $-117,159 |
| Total Assets | $299K |
| Total Liabilities | $9K |
| Net Assets | $290K |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Pat A Cake Inc reported a deficit of $117K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pat A Cake Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | +11.5% | -28.5% |
| 2022 | +29.1% | +54.7% | +10.3% |
| 2021 | +38.0% | +40.9% | +66.9% |
| 2020 | -18.9% | -36.2% | +74.1% |
| 2019 | +24.9% | +28.9% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Pat A Cake Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pat A Cake Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Pat A Cake Inc. reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for resource allocation directly to its mission.
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 Pat A Cake Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal period (2023), indicating a deficit for the year.
Strengths
The following positive indicators were identified for Pat A Cake Inc:
- Consistent revenue growth over the past decade, from $387,422 in 2014 to $858,341 in 2023.
- Significant growth in assets, from $52,552 in 2014 to $298,672 in 2023.
- 0% officer compensation reported across all filings, indicating strong dedication of resources to the mission.
- Low liabilities relative to assets, with liabilities at $8,847 against assets of $298,672 in 2023.
Frequently Asked Questions about Pat A Cake Inc
Is Pat A Cake Inc a legitimate charity?
Pat A Cake Inc (EIN: 203711966) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $950K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Pat A Cake Inc spend its money?
Pat A Cake Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pat A Cake Inc tax-deductible?
Pat A Cake Inc is registered as a tax-exempt nonprofit (EIN: 203711966). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pat A Cake Inc's spending goes to programs?
Pat A Cake Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pat A Cake Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pat A Cake Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pat A Cake Inc located?
Pat A Cake Inc is headquartered in Greenwich, Connecticut and files with the IRS under EIN 203711966. It is classified under NTEE code P33.
How many years of IRS 990 filings does Pat A Cake Inc have?
Pat A Cake 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 $950K in total revenue.
Why did Pat A Cake Inc.'s expenses exceed its revenue in 2023?
In 2023, Pat A Cake Inc. reported expenses of $975,500 against revenues of $858,341, resulting in a deficit. This is a change from previous years where revenue generally exceeded expenses, and would require a deeper dive into the detailed 990 filing to understand the specific reasons for the increased spending or decreased revenue.
How has Pat A Cake Inc.'s asset base changed over time?
Pat A Cake Inc. has shown significant asset growth, from $52,552 in 2014 to $298,672 in 2023, indicating a healthy accumulation of resources over the decade.
Does Pat A Cake Inc. pay its officers?
No, Pat A Cake Inc. consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or benefits are paid to its officers.
Filing History
IRS 990 filing history for Pat A Cake Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pat A Cake Inc's revenue has grown by 125.9%, moving from $380K to $858K. Total assets increased by 1377.6% over the same period, from $20K to $299K. Total functional expenses rose by 159.4%, from $376K to $976K. In its most recent filing year (2023), Pat A Cake Inc reported a deficit of $117K, with expenses exceeding revenue. The organization holds $9K in liabilities against $299K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $290K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $858K | $976K | $299K | $9K | — | — |
| 2022 | $914K | $875K | $418K | $11K | — | View 990 |
| 2021 | $708K | $565K | $379K | $20K | — | View 990 |
| 2020 | $513K | $401K | $227K | $12K | — | — |
| 2019 | $633K | $629K | $130K | $27K | — | View 990 |
| 2018 | $506K | $488K | $131K | $32K | — | View 990 |
| 2017 | $401K | $377K | $85K | $4K | — | — |
| 2016 | $417K | $388K | $71K | $15K | — | View 990 |
| 2015 | $381K | $375K | $59K | $0 | — | View 990 |
| 2014 | $387K | $389K | $53K | $0 | — | View 990 |
| 2013 | $357K | $318K | $54K | $0 | — | View 990 |
| 2012 | $381K | $385K | $16K | $0 | — | View 990 |
| 2011 | $380K | $376K | $20K | $221 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $858K, expenses of $976K, and assets of $299K (revenue -6.1% year-over-year).
- 2022: Revenue of $914K, expenses of $875K, and assets of $418K (revenue +29.1% year-over-year).
- 2021: Revenue of $708K, expenses of $565K, and assets of $379K (revenue +38.0% year-over-year).
- 2020: Revenue of $513K, expenses of $401K, and assets of $227K (revenue -18.9% year-over-year).
- 2019: Revenue of $633K, expenses of $629K, and assets of $130K (revenue +24.9% year-over-year).
- 2018: Revenue of $506K, expenses of $488K, and assets of $131K (revenue +26.2% year-over-year).
- 2017: Revenue of $401K, expenses of $377K, and assets of $85K (revenue -3.6% year-over-year).
- 2016: Revenue of $417K, expenses of $388K, and assets of $71K (revenue +9.4% year-over-year).
- 2015: Revenue of $381K, expenses of $375K, and assets of $59K (revenue -1.7% year-over-year).
- 2014: Revenue of $387K, expenses of $389K, and assets of $53K (revenue +8.5% year-over-year).
- 2013: Revenue of $357K, expenses of $318K, and assets of $54K (revenue -6.2% year-over-year).
- 2012: Revenue of $381K, expenses of $385K, and assets of $16K (revenue +0.2% year-over-year).
- 2011: Revenue of $380K, expenses of $376K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pat A Cake Inc:
Data Sources and Methodology
This transparency report for Pat A Cake 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.