Pelton Charitable Foundation Inc
Pelton Charitable Foundation maintains strong asset growth and zero officer compensation over a decade.
EIN: 203863708 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Pelton Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pelton Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pelton Charitable Foundation Inc
Pelton Charitable Foundation Inc (EIN: 203863708) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pelton Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pelton Charitable Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $122K |
| Surplus / Deficit | +$4K |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 228.0 months |
Financial Health Grade: A
In 2023, Pelton Charitable Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 228.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pelton Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.4% | -13.9% | +0.2% |
| 2022 | -73.3% | +36.4% | +2.1% |
| 2021 | +294.3% | +12.6% | +36.7% |
| 2020 | +14.3% | +1.7% | +5.6% |
| 2019 | -17.4% | +56.5% | +29.5% |
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 Pelton Charitable Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Pelton Charitable Foundation 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
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 its size with assets exceeding $2 million. This suggests either a fully volunteer-run leadership or compensation is covered by an external entity, significantly reducing administrative overhead.
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 Pelton Charitable Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin) in provided data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Pelton Charitable Foundation Inc:
- Consistent asset growth, from $746,238 in 2011 to $2,320,867 in 2023.
- Zero officer compensation reported across all filings, indicating high efficiency in executive costs.
- Minimal liabilities ($1 reported consistently), demonstrating strong financial health and low risk.
- Revenue consistently covers expenses, maintaining financial stability.
- Long history of consistent IRS 990 filings (10 filings), indicating transparency and compliance.
Frequently Asked Questions about Pelton Charitable Foundation Inc
Is Pelton Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pelton Charitable Foundation Inc (EIN: 203863708) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Pelton Charitable Foundation Inc spend its money?
Pelton Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pelton Charitable Foundation Inc tax-deductible?
Pelton Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203863708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pelton Charitable Foundation Inc. a good charity?
Based on the available data, Pelton Charitable Foundation Inc. appears to be a financially sound organization with consistently growing assets and minimal liabilities. The absence of officer compensation is a strong positive indicator of efficiency and dedication to its mission, suggesting a high proportion of funds are likely directed towards its charitable purpose as a grantmaking foundation. However, without detailed program expense breakdowns, a definitive 'good charity' assessment is limited to financial health and executive cost efficiency.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent and significant growth, increasing from $746,238 in 2011 to $2,320,867 in 2023, demonstrating strong financial management and accumulation of resources.
What is the trend in the foundation's revenue?
Revenue has fluctuated year-to-year, with a notable peak of $712,935 in 2021, but generally remains sufficient to cover expenses. For example, in 2023, revenue was $126,598 against expenses of $122,148.
Does the foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, from 2011 to 2023.
Filing History
IRS 990 filing history for Pelton Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pelton Charitable Foundation Inc's revenue has declined by 41.3%, moving from $216K to $127K. Total assets increased by 211% over the same period, from $746K to $2.3M. Total functional expenses rose by 395.8%, from $25K to $122K. In its most recent filing year (2023), Pelton Charitable Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $122K | $2.3M | $1 | — | View 990 |
| 2022 | $190K | $142K | $2.3M | $1 | — | View 990 |
| 2021 | $713K | $104K | $2.3M | $1 | — | View 990 |
| 2020 | $181K | $92K | $1.7M | $1 | — | View 990 |
| 2019 | $158K | $91K | $1.6M | $1 | — | View 990 |
| 2015 | $192K | $58K | $1.2M | $1 | — | View 990 |
| 2014 | $195K | $46K | $1.1M | $1 | — | View 990 |
| 2013 | $170K | $39K | $932K | $1 | — | View 990 |
| 2012 | $82K | $29K | $800K | $1 | — | View 990 |
| 2011 | $216K | $25K | $746K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $122K, and assets of $2.3M (revenue -33.4% year-over-year).
- 2022: Revenue of $190K, expenses of $142K, and assets of $2.3M (revenue -73.3% year-over-year).
- 2021: Revenue of $713K, expenses of $104K, and assets of $2.3M (revenue +294.3% year-over-year).
- 2020: Revenue of $181K, expenses of $92K, and assets of $1.7M (revenue +14.3% year-over-year).
- 2019: Revenue of $158K, expenses of $91K, and assets of $1.6M (revenue -17.4% year-over-year).
- 2015: Revenue of $192K, expenses of $58K, and assets of $1.2M (revenue -1.7% year-over-year).
- 2014: Revenue of $195K, expenses of $46K, and assets of $1.1M (revenue +14.4% year-over-year).
- 2013: Revenue of $170K, expenses of $39K, and assets of $932K (revenue +106.8% year-over-year).
- 2012: Revenue of $82K, expenses of $29K, and assets of $800K (revenue -61.8% year-over-year).
- 2011: Revenue of $216K, expenses of $25K, and assets of $746K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pelton Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Pelton Charitable Foundation 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.