Payroll Group Inc
Payroll Group Inc. shows consistent revenue growth and no reported officer compensation.
EIN: 204139590 · Atlanta, GA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $643K |
| Total Expenses | $394K |
| Program Spending | 90% |
| Net Assets | $368K |
| Transparency Score | 85/100 |
Is Payroll Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Payroll Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Payroll Group Inc
Payroll Group Inc (EIN: 204139590) is a nonprofit organization based in Atlanta, GA, classified under NTEE code S41. The organization reported total revenue of $643K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Payroll Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Payroll Group Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $540K |
| Total Expenses | $394K |
| Surplus / Deficit | +$146K |
| Total Assets | $444K |
| Total Liabilities | $76K |
| Net Assets | $368K |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2023, Payroll Group Inc reported a surplus of $146K with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Payroll Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.7% | +43.0% | +48.8% |
| 2022 | +51.4% | +102.6% | +29.5% |
| 2021 | +217.6% | +111.3% | +9.0% |
| 2020 | -74.1% | -65.3% | +5.8% |
| 2019 | +23.7% | -3.1% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Payroll Group 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Payroll Group Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $146K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or very lean operational model.
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 Payroll Group Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data makes it difficult to fully assess program efficiency.
- Consistent 0% officer compensation might indicate reliance on unpaid labor or a very small, volunteer-led operation, which could pose sustainability challenges for growth.
Strengths
The following positive indicators were identified for Payroll Group Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong recent revenue growth, with revenue increasing from $55,703 in 2020 to $540,299 in 2023.
- Healthy asset growth, reaching $444,036 in 2023, providing financial stability.
- Positive net income in the latest period (2023), with revenue exceeding expenses by $145,853.
Frequently Asked Questions about Payroll Group Inc
Is Payroll Group Inc a legitimate charity?
Payroll Group Inc (EIN: 204139590) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $643K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Payroll Group Inc spend its money?
Payroll Group Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Payroll Group Inc tax-deductible?
Payroll Group Inc is registered as a tax-exempt nonprofit (EIN: 204139590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Payroll Group Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Payroll Group Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Payroll Group Inc located?
Payroll Group Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 204139590. It is classified under NTEE code S41.
How many years of IRS 990 filings does Payroll Group Inc have?
Payroll Group 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 $643K in total revenue.
Is Payroll Group Inc. a good charity?
Based on the provided financial data, Payroll Group Inc. appears to be a financially sound organization with a strong commitment to minimizing administrative overhead, as evidenced by 0% officer compensation. Their recent revenue growth and asset accumulation suggest good financial management. However, without detailed program spending information, a full assessment of their charitable impact is limited.
How has Payroll Group Inc.'s revenue changed over time?
Payroll Group Inc. has experienced significant revenue fluctuations but shows strong recent growth. Revenue increased from $55,703 in 2020 to $540,299 in 2023, indicating a substantial positive trend after some earlier variability.
What is the organization's approach to executive compensation?
Payroll Group Inc. consistently reports 0% officer compensation across all 13 filings, indicating a volunteer-driven leadership or a structure where executive roles are not compensated, which is a strong indicator of financial efficiency.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $140,246 in 2015 to $444,036 in 2023, demonstrating a healthy accumulation of resources.
Filing History
IRS 990 filing history for Payroll Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Payroll Group Inc's revenue has grown by 323%, moving from $128K to $540K. Total assets increased by 184% over the same period, from $156K to $444K. Total functional expenses rose by 197.6%, from $133K to $394K. In its most recent filing year (2023), Payroll Group Inc reported a surplus of $146K, with revenue exceeding expenses. The organization holds $76K in liabilities against $444K in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $368K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $540K | $394K | $444K | $76K | — | — |
| 2022 | $268K | $276K | $298K | $76K | — | View 990 |
| 2021 | $177K | $136K | $230K | $0 | — | View 990 |
| 2020 | $56K | $64K | $211K | $22K | — | View 990 |
| 2019 | $215K | $185K | $200K | $1K | — | View 990 |
| 2018 | $174K | $191K | $199K | $30K | — | View 990 |
| 2017 | $190K | $169K | $233K | $46K | — | View 990 |
| 2016 | $207K | $179K | $168K | $1K | — | View 990 |
| 2015 | $171K | $203K | $140K | $973 | — | View 990 |
| 2014 | $141K | $137K | $175K | $3K | — | View 990 |
| 2013 | $141K | $139K | $177K | $9K | — | View 990 |
| 2012 | $143K | $125K | $167K | $2K | — | View 990 |
| 2011 | $128K | $133K | $156K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $540K, expenses of $394K, and assets of $444K (revenue +101.7% year-over-year).
- 2022: Revenue of $268K, expenses of $276K, and assets of $298K (revenue +51.4% year-over-year).
- 2021: Revenue of $177K, expenses of $136K, and assets of $230K (revenue +217.6% year-over-year).
- 2020: Revenue of $56K, expenses of $64K, and assets of $211K (revenue -74.1% year-over-year).
- 2019: Revenue of $215K, expenses of $185K, and assets of $200K (revenue +23.7% year-over-year).
- 2018: Revenue of $174K, expenses of $191K, and assets of $199K (revenue -8.5% year-over-year).
- 2017: Revenue of $190K, expenses of $169K, and assets of $233K (revenue -8.2% year-over-year).
- 2016: Revenue of $207K, expenses of $179K, and assets of $168K (revenue +20.6% year-over-year).
- 2015: Revenue of $171K, expenses of $203K, and assets of $140K (revenue +21.5% year-over-year).
- 2014: Revenue of $141K, expenses of $137K, and assets of $175K (revenue +-0.0% year-over-year).
- 2013: Revenue of $141K, expenses of $139K, and assets of $177K (revenue -1.2% year-over-year).
- 2012: Revenue of $143K, expenses of $125K, and assets of $167K (revenue +11.9% year-over-year).
- 2011: Revenue of $128K, expenses of $133K, and assets of $156K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Payroll Group Inc:
Data Sources and Methodology
This transparency report for Payroll Group 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.