Pennys Flight Foundation Inc
EIN: 921211076 · Glen Cove, NY · NTEE: H80
Is Pennys Flight Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pennys Flight Foundation Inc
Pennys Flight Foundation Inc (EIN: 921211076) is a nonprofit organization based in Glen Cove, NY, classified under NTEE code H80. The organization reported total revenue of $0 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennys Flight Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Pennys Flight Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pennys Flight Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Pennys Flight Foundation Inc
Is Pennys Flight Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pennys Flight Foundation Inc (EIN: 921211076) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pennys Flight Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Pennys Flight Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Pennys Flight Foundation Inc tax-deductible?
Pennys Flight Foundation Inc is registered as a tax-exempt nonprofit (EIN: 921211076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Pennys Flight Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Pennys Flight Foundation Inc's revenue has grown by 160.9%, moving from $645K to $1.7M. Total assets increased by 141% over the same period, from $607K to $1.5M. Total functional expenses rose by 3298%, from $39K to $1.3M. In its most recent filing year (2023), Pennys Flight Foundation Inc reported a surplus of $368K, with revenue exceeding expenses. The organization holds $661K in liabilities against $1.5M in assets (debt-to-asset ratio: 45.2%), resulting in net assets of $801K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.3M | $1.5M | $661K | — | — |
| 2022 | $645K | $39K | $607K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Pennys Flight 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.