Penn Asian Senior Services Inc
Penn Asian Senior Services Inc. shows strong revenue growth and zero reported officer compensation over the past decade.
EIN: 202643138 · Philadelphia, PA · NTEE: E92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.2M |
| Total Expenses | $30.4M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $37.1 |
| Net Assets | $23.5M |
| Transparency Score | 90/100 |
Is Penn Asian Senior Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Penn Asian Senior Services Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Penn Asian Senior Services Inc
Penn Asian Senior Services Inc (EIN: 202643138) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code E92. The organization reported total revenue of $37.2M and total assets of $28.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penn Asian Senior Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Penn Asian Senior Services Inc is a large nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.3M |
| Total Expenses | $30.4M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $26.5M |
| Total Liabilities | $3.0M |
| Net Assets | $23.5M |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 11.3% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Penn Asian Senior Services Inc reported a surplus of $3.9M with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Penn Asian Senior Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | +11.3% | +16.3% |
| 2022 | +35.5% | +16.2% | +30.8% |
| 2021 | +6.1% | -7.9% | +7.8% |
| 2020 | +15.1% | +15.4% | -8.6% |
| 2019 | +7.9% | +33.0% | -12.3% |
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 Penn Asian Senior Services Inc 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Penn Asian Senior Services Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size ($37.1 million in revenue) and suggests either a volunteer leadership structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 Penn Asian Senior Services Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, potentially obscuring true executive costs or indicating an unsustainable volunteer model.
Strengths
The following positive indicators were identified for Penn Asian Senior Services Inc:
- Consistent and significant revenue growth, from $9.2 million in 2013 to $37.1 million currently, indicating expanding services and financial health.
- Strong asset base ($28.9 million) relative to liabilities ($2.9 million), demonstrating robust financial solvency.
- High program spending efficiency, with a substantial portion of expenses directed towards mission-related activities.
- Positive net asset position maintained consistently over the past decade, showing sound financial management.
Frequently Asked Questions about Penn Asian Senior Services Inc
Is Penn Asian Senior Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Penn Asian Senior Services Inc (EIN: 202643138) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Penn Asian Senior Services Inc spend its money?
Penn Asian Senior Services Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Penn Asian Senior Services Inc tax-deductible?
Penn Asian Senior Services Inc is registered as a tax-exempt nonprofit (EIN: 202643138). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Penn Asian Senior Services Inc CEO make?
Penn Asian Senior Services Inc's highest-compensated officer earns $37.1 annually. The organization reported $37.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Penn Asian Senior Services Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Penn Asian Senior Services Inc is above average for NTEE category E92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Penn Asian Senior Services Inc located?
Penn Asian Senior Services Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 202643138. It is classified under NTEE code E92.
How many years of IRS 990 filings does Penn Asian Senior Services Inc have?
Penn Asian Senior Services Inc has 12 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 $37.2M in total revenue.
How does Penn Asian Senior Services Inc. manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all 12 available filings, despite the organization's significant growth to $37.1 million in revenue, is highly unusual. This could indicate a volunteer-led executive team, or that executive salaries are categorized differently within the financial statements (e.g., as program or administrative staff salaries rather than officer compensation), which would require a deeper dive into the detailed expense breakdowns to fully understand.
What is the primary source of Penn Asian Senior Services Inc.'s substantial revenue growth?
While the provided data shows significant revenue growth from $9.2 million in 2013 to $37.1 million currently, the specific sources (e.g., government grants, service fees, donations) are not detailed in the summary. Further examination of the full IRS 990 forms would be necessary to identify the primary drivers of this growth.
What is the organization's strategy for managing its liabilities, which have fluctuated?
Liabilities have fluctuated, peaking at $4.7 million in 2020 and decreasing to $2.9 million in the latest period. While the current liability level is manageable relative to assets, understanding the nature of these liabilities (e.g., program-related payables, short-term debt) and the organization's strategy for their management would provide further insight into financial stability.
Filing History
IRS 990 filing history for Penn Asian Senior Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Penn Asian Senior Services Inc's revenue has grown by 663.5%, moving from $4.5M to $34.3M. Total assets increased by 1183.4% over the same period, from $2.1M to $26.5M. Total functional expenses rose by 716.1%, from $3.7M to $30.4M. In its most recent filing year (2023), Penn Asian Senior Services Inc reported a surplus of $3.9M, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $26.5M in assets (debt-to-asset ratio: 11.3%), resulting in net assets of $23.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.3M | $30.4M | $26.5M | $3.0M | — | — |
| 2022 | $33.3M | $27.3M | $22.8M | $3.2M | — | View 990 |
| 2021 | $24.6M | $23.5M | $17.4M | $3.9M | — | View 990 |
| 2020 | $23.2M | $25.5M | $16.2M | $4.8M | — | View 990 |
| 2019 | $20.1M | $22.1M | $17.7M | $4.0M | — | View 990 |
| 2018 | $18.7M | $16.6M | $20.2M | $4.5M | — | View 990 |
| 2017 | $16.4M | $14.8M | $17.1M | $3.4M | — | View 990 |
| 2015 | $14.2M | $12.0M | $12.8M | $2.9M | — | View 990 |
| 2014 | $11.3M | $9.2M | $10.1M | $2.4M | — | View 990 |
| 2013 | $9.2M | $7.4M | $8.0M | $2.4M | — | View 990 |
| 2012 | $7.1M | $5.3M | $4.1M | $344K | — | View 990 |
| 2011 | $4.5M | $3.7M | $2.1M | $79K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.3M, expenses of $30.4M, and assets of $26.5M (revenue +3.0% year-over-year).
- 2022: Revenue of $33.3M, expenses of $27.3M, and assets of $22.8M (revenue +35.5% year-over-year).
- 2021: Revenue of $24.6M, expenses of $23.5M, and assets of $17.4M (revenue +6.1% year-over-year).
- 2020: Revenue of $23.2M, expenses of $25.5M, and assets of $16.2M (revenue +15.1% year-over-year).
- 2019: Revenue of $20.1M, expenses of $22.1M, and assets of $17.7M (revenue +7.9% year-over-year).
- 2018: Revenue of $18.7M, expenses of $16.6M, and assets of $20.2M (revenue +13.6% year-over-year).
- 2017: Revenue of $16.4M, expenses of $14.8M, and assets of $17.1M (revenue +15.5% year-over-year).
- 2015: Revenue of $14.2M, expenses of $12.0M, and assets of $12.8M (revenue +26.0% year-over-year).
- 2014: Revenue of $11.3M, expenses of $9.2M, and assets of $10.1M (revenue +22.3% year-over-year).
- 2013: Revenue of $9.2M, expenses of $7.4M, and assets of $8.0M (revenue +30.1% year-over-year).
- 2012: Revenue of $7.1M, expenses of $5.3M, and assets of $4.1M (revenue +57.9% year-over-year).
- 2011: Revenue of $4.5M, expenses of $3.7M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Penn Asian Senior Services Inc:
Data Sources and Methodology
This transparency report for Penn Asian Senior Services 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.