Peach Pit Foundation
Peach Pit Foundation boasts substantial asset growth and zero reported officer compensation.
EIN: 202055237 · Durham, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $568K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $11.8M |
| Transparency Score | 90/100 |
Is Peach Pit Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peach Pit Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peach Pit Foundation
Peach Pit Foundation (EIN: 202055237) is a nonprofit organization based in Durham, CT, classified under NTEE code T20. The organization reported total revenue of $3.7M and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peach Pit Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peach Pit Foundation is a mid-size nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $568K |
| Surplus / Deficit | +$1.2M |
| Total Assets | $11.8M |
| Total Liabilities | $1 |
| Net Assets | $11.8M |
| Operating Margin | 67.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 249.4 months |
Financial Health Grade: A
In 2024, Peach Pit Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 249.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Peach Pit Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +114.1% | -2.6% | +11.5% |
| 2023 | -61.9% | +14.3% | +6.0% |
| 2022 | +246.3% | +2.9% | +1.2% |
| 2021 | +39.7% | +4.9% | +17.2% |
| 2020 | +31.2% | +53.3% | +44.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Peach Pit Foundation with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Peach Pit Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through non-officer categories, which is highly unusual for an organization with assets exceeding $15 million.
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 Peach Pit Foundation's IRS 990 filings:
- Consistently reported $1 in liabilities, which is an unusual reporting anomaly.
- 0% officer compensation for an organization with over $15 million in assets could indicate non-standard compensation structures or reporting.
Strengths
The following positive indicators were identified for Peach Pit Foundation:
- Strong and consistent asset growth, from $3.1 million in 2012 to over $15 million currently.
- Excellent financial stability with minimal reported liabilities ($1).
- Significant revenue generation, with latest revenue at $3,679,007.
- Very low expense ratio relative to revenue, indicating efficient operations or substantial reserve building.
- No reported officer compensation, suggesting a strong commitment to mission-focused spending.
Frequently Asked Questions about Peach Pit Foundation
Is Peach Pit Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Peach Pit Foundation (EIN: 202055237) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Peach Pit Foundation spend its money?
Peach Pit Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peach Pit Foundation tax-deductible?
Peach Pit Foundation is registered as a tax-exempt nonprofit (EIN: 202055237). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Peach Pit Foundation CEO make?
Peach Pit Foundation's highest-compensated officer earns $15 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Peach Pit Foundation's spending goes to programs?
Peach Pit Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Peach Pit Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Peach Pit Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peach Pit Foundation located?
Peach Pit Foundation is headquartered in Durham, Connecticut and files with the IRS under EIN 202055237. It is classified under NTEE code T20.
How many years of IRS 990 filings does Peach Pit Foundation have?
Peach Pit Foundation has 11 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 $3.7M in total revenue.
How does Peach Pit Foundation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the 990, which would require deeper scrutiny of their financial statements.
What are the specific program activities funded by Peach Pit Foundation?
The provided data does not detail specific program activities. Further investigation into their full IRS 990 forms or organizational website would be necessary to understand their programmatic focus, especially given their NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations).
Why are liabilities consistently reported as $1?
The consistent reporting of $1 in liabilities across all filings is highly unusual and may indicate a simplified reporting practice or a specific accounting method. It suggests an extremely low debt burden, but warrants clarification for complete financial transparency.
What is the organization's strategy for utilizing its growing assets and revenue surpluses?
With significant revenue surpluses (e.g., $1,726,068 revenue vs. $567,524 expenses in 202406) and rapidly growing assets, understanding the foundation's strategy for deploying these resources for its mission, whether through grantmaking, direct programs, or endowment growth, is crucial.
Filing History
IRS 990 filing history for Peach Pit Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Peach Pit Foundation's revenue has grown by 214.7%, moving from $549K to $1.7M. Total assets increased by 299.2% over the same period, from $3.0M to $11.8M. Total functional expenses rose by 469.4%, from $100K to $568K. In its most recent filing year (2024), Peach Pit Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $11.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $568K | $11.8M | $1 | — | View 990 |
| 2023 | $806K | $583K | $10.6M | $1 | — | View 990 |
| 2022 | $2.1M | $510K | $10.0M | $1 | — | View 990 |
| 2021 | $610K | $496K | $9.9M | $1 | — | View 990 |
| 2020 | $437K | $472K | $8.4M | $1 | — | View 990 |
| 2016 | $333K | $308K | $5.8M | $1 | — | View 990 |
| 2015 | $320K | $251K | $5.5M | $1 | — | View 990 |
| 2014 | $1.4M | $221K | $5.4M | $1 | — | View 990 |
| 2013 | $290K | $154K | $3.6M | $1 | — | View 990 |
| 2012 | $273K | $169K | $3.1M | $1 | — | View 990 |
| 2011 | $549K | $100K | $3.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $568K, and assets of $11.8M (revenue +114.1% year-over-year).
- 2023: Revenue of $806K, expenses of $583K, and assets of $10.6M (revenue -61.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $510K, and assets of $10.0M (revenue +246.3% year-over-year).
- 2021: Revenue of $610K, expenses of $496K, and assets of $9.9M (revenue +39.7% year-over-year).
- 2020: Revenue of $437K, expenses of $472K, and assets of $8.4M (revenue +31.2% year-over-year).
- 2016: Revenue of $333K, expenses of $308K, and assets of $5.8M (revenue +4.0% year-over-year).
- 2015: Revenue of $320K, expenses of $251K, and assets of $5.5M (revenue -76.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $221K, and assets of $5.4M (revenue +374.5% year-over-year).
- 2013: Revenue of $290K, expenses of $154K, and assets of $3.6M (revenue +6.5% year-over-year).
- 2012: Revenue of $273K, expenses of $169K, and assets of $3.1M (revenue -50.3% year-over-year).
- 2011: Revenue of $549K, expenses of $100K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peach Pit Foundation:
Data Sources and Methodology
This transparency report for Peach Pit Foundation 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.