Pen American Center Inc
Pen American Center Inc shows strong financial growth and asset accumulation over the past decade.
EIN: 133447888 · New York, NY · NTEE: A700 · Updated: 2026-03-28
Is Pen American Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pen American Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pen American Center Inc
Pen American Center Inc (EIN: 133447888) is a nonprofit organization based in New York, NY, classified under NTEE code A700. The organization reported total revenue of $31.1M and total assets of $45.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pen American Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pen American Center 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: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Pen American Center Inc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods, suggesting that top executives may not be directly compensated or their compensation is reported under other categories, which is unusual for an organization of this size with over $20 million in annual expenses.
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 Pen American Center Inc's IRS 990 filings:
- 0% officer compensation reported across all filings, which is unusual for an organization of this size and could indicate compensation is reported in less transparent ways or that key leadership is uncompensated, warranting further review of detailed 990s.
Strengths
The following positive indicators were identified for Pen American Center Inc:
- Strong and consistent revenue growth, increasing from $4.55 million in 2015 to $21.77 million in 2023.
- Significant asset accumulation, growing from $5.09 million in 2015 to $47.83 million in 2023, indicating robust financial health.
- Low liabilities relative to assets, suggesting good financial management and minimal debt risk.
- Healthy operating margins, with revenues consistently exceeding expenses in recent years (e.g., $21.77M revenue vs. $20.25M expenses in 2023).
Frequently Asked Questions about Pen American Center Inc
Is Pen American Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pen American Center Inc (EIN: 133447888) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Pen American Center Inc spend its money?
Pen American Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pen American Center Inc tax-deductible?
Pen American Center Inc is registered as a tax-exempt nonprofit (EIN: 133447888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Pen American Center Inc financially stable?
Yes, Pen American Center Inc appears financially stable. Their assets have grown significantly from $5.09 million in 2015 to $47.83 million in 2023, and their liabilities are consistently low relative to their assets (e.g., $1.79 million in liabilities vs. $47.83 million in assets in 2023).
How has Pen American Center Inc's revenue changed over time?
Pen American Center Inc has experienced substantial revenue growth, increasing from $4.55 million in 2015 to $21.77 million in 2023, with a peak of $29.05 million in 2021.
What is the trend in their expenses?
Expenses have generally increased in line with revenue growth, from $4.76 million in 2015 to $20.25 million in 2023, indicating an expansion of operations.
Are there any concerns about executive compensation?
The provided data consistently shows 0% officer compensation, which is unusual for an organization of this scale. While it could indicate a highly volunteer-driven leadership or compensation reported differently, it warrants further investigation into the detailed 990 forms to understand how executive leadership is compensated, if at all.
Filing History
IRS 990 filing history for Pen American Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Pen American Center Inc's revenue has grown by 1541.8%, moving from $1.3M to $21.8M. Total assets increased by 1672.7% over the same period, from $2.7M to $47.8M. Total functional expenses rose by 1483.5%, from $1.3M to $20.3M. In its most recent filing year (2023), Pen American Center Inc reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $47.8M in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $46.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $21.8M | $20.3M | $47.8M | $1.8M | — | — |
| 2022 | $25.8M | $16.1M | $45.5M | $1.9M | — | View 990 |
| 2021 | $29.1M | $10.8M | $36.8M | $853K | — | View 990 |
| 2020 | $14.9M | $9.7M | $18.5M | $900K | — | View 990 |
| 2019 | $12.3M | $9.4M | $13.0M | $629K | — | View 990 |
| 2018 | $9.9M | $8.1M | $10.0M | $473K | — | View 990 |
| 2017 | $7.6M | $6.6M | $8.5M | $576K | — | View 990 |
| 2016 | $6.8M | $5.4M | $7.2M | $501K | — | View 990 |
| 2015 | $4.6M | $4.8M | $5.1M | $326K | — | View 990 |
| 2014 | $5.7M | $4.2M | $5.4M | $399K | — | View 990 |
| 2013 | $4.3M | $3.4M | $3.8M | $267K | — | View 990 |
| 2012 | $3.0M | $3.2M | $2.7M | $238K | — | View 990 |
| 2011 | $3.4M | $3.1M | $2.8M | $250K | — | View 990 |
| 2010 | $1.3M | $1.3M | $2.7M | $320K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.8M, expenses of $20.3M, and assets of $47.8M (revenue -15.5% year-over-year).
- 2022: Revenue of $25.8M, expenses of $16.1M, and assets of $45.5M (revenue -11.3% year-over-year).
- 2021: Revenue of $29.1M, expenses of $10.8M, and assets of $36.8M (revenue +95.6% year-over-year).
- 2020: Revenue of $14.9M, expenses of $9.7M, and assets of $18.5M (revenue +20.9% year-over-year).
- 2019: Revenue of $12.3M, expenses of $9.4M, and assets of $13.0M (revenue +24.2% year-over-year).
- 2018: Revenue of $9.9M, expenses of $8.1M, and assets of $10.0M (revenue +30.6% year-over-year).
- 2017: Revenue of $7.6M, expenses of $6.6M, and assets of $8.5M (revenue +12.2% year-over-year).
- 2016: Revenue of $6.8M, expenses of $5.4M, and assets of $7.2M (revenue +48.5% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.8M, and assets of $5.1M (revenue -20.5% year-over-year).
- 2014: Revenue of $5.7M, expenses of $4.2M, and assets of $5.4M (revenue +32.7% year-over-year).
- 2013: Revenue of $4.3M, expenses of $3.4M, and assets of $3.8M (revenue +45.8% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.2M, and assets of $2.7M (revenue -13.7% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.1M, and assets of $2.8M (revenue +158.5% year-over-year).
- 2010: Revenue of $1.3M, expenses of $1.3M, and assets of $2.7M.
Data Sources and Methodology
This transparency report for Pen American Center 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.