Pension Real Estate Association
Pension Real Estate Association shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 133120995 · Hartford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $5.6M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.3M |
| Transparency Score | 85/100 |
Is Pension Real Estate Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pension Real Estate Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pension Real Estate Association
Pension Real Estate Association (EIN: 133120995) is a nonprofit organization based in Hartford, CT. The organization reported total revenue of $9.1M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pension Real Estate Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pension Real Estate Association is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $5.6M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $10.3M |
| Total Liabilities | $2.0M |
| Net Assets | $8.3M |
| Operating Margin | 31.8% |
| Debt-to-Asset Ratio | 19.4% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Pension Real Estate Association reported a surplus of $2.6M with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pension Real Estate Association's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | -14.9% | +37.1% |
| 2022 | +53.9% | +61.8% | +12.0% |
| 2021 | +10.2% | -3.8% | +7.6% |
| 2020 | -25.8% | -25.1% | -7.5% |
| 2019 | +9.8% | +16.0% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
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 Pension Real Estate Association 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Pension Real Estate Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with revenues exceeding $8 million. This suggests that key officers may be uncompensated volunteers or compensated through other means not reported in the officer compensation section of the 990.
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 Pension Real Estate Association's IRS 990 filings:
- Unclear executive compensation structure given 0% reported officer compensation across all filings, despite significant organizational size and revenue.
Strengths
The following positive indicators were identified for Pension Real Estate Association:
- Strong revenue growth, with revenue increasing from $4,410,849 in 2021 to $8,233,817 in 2023.
- Consistent asset accumulation, growing from $6,261,990 in 2020 to $10,336,369 in 2023.
- Maintains a healthy surplus, as seen in 2023 where revenue ($8,233,817) significantly exceeded expenses ($5,618,426).
- Positive net asset position maintained across all reported periods.
Frequently Asked Questions about Pension Real Estate Association
Is Pension Real Estate Association a legitimate charity?
Pension Real Estate Association (EIN: 133120995) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Pension Real Estate Association spend its money?
Pension Real Estate Association directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Pension Real Estate Association tax-deductible?
Pension Real Estate Association is registered as a tax-exempt nonprofit (EIN: 133120995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pension Real Estate Association CEO make?
Pension Real Estate Association's highest-compensated officer earns $8 annually. The organization reported $9.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pension Real Estate Association's spending goes to programs?
Pension Real Estate Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pension Real Estate Association located?
Pension Real Estate Association is headquartered in Hartford, Connecticut and files with the IRS under EIN 133120995.
How many years of IRS 990 filings does Pension Real Estate Association have?
Pension Real Estate Association has 13 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 $9.1M in total revenue.
Is Pension Real Estate Association a good charity?
Based on its financial health, consistent revenue growth, and asset accumulation, the organization appears to be well-managed financially. The lack of reported officer compensation is a unique aspect that could be viewed positively for efficiency, assuming leadership is adequately supported.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement, with revenue nearly doubling from $4,410,849 in 2021 to $8,233,817 in 2023, and assets growing from $6,261,990 in 2020 to $10,336,369 in 2023.
What is the organization's approach to executive compensation?
The IRS 990 filings consistently report 0% for officer compensation, indicating that the organization's officers are either uncompensated or compensated through mechanisms not captured in this specific line item on the 990.
Filing History
IRS 990 filing history for Pension Real Estate Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pension Real Estate Association's revenue has grown by 79.2%, moving from $4.6M to $8.2M. Total assets increased by 40.6% over the same period, from $7.3M to $10.3M. Total functional expenses rose by 29.2%, from $4.3M to $5.6M. In its most recent filing year (2023), Pension Real Estate Association reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $10.3M in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $8.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $5.6M | $10.3M | $2.0M | — | — |
| 2022 | $6.8M | $6.6M | $7.5M | $1.9M | — | View 990 |
| 2021 | $4.4M | $4.1M | $6.7M | $1.3M | — | View 990 |
| 2020 | $4.0M | $4.2M | $6.3M | $1.1M | — | — |
| 2019 | $5.4M | $5.7M | $6.8M | $1.4M | — | View 990 |
| 2018 | $4.9M | $4.9M | $6.7M | $1.1M | — | View 990 |
| 2017 | $5.2M | $6.5M | $6.8M | $1.3M | — | View 990 |
| 2016 | $4.8M | $4.8M | $7.8M | $943K | — | View 990 |
| 2015 | $4.7M | $4.7M | $8.2M | $1.4M | — | View 990 |
| 2014 | $4.8M | $4.4M | $8.5M | $1.7M | — | View 990 |
| 2013 | $4.8M | $4.8M | $7.6M | $1.2M | — | View 990 |
| 2012 | $4.9M | $4.6M | $7.8M | $1.4M | — | View 990 |
| 2011 | $4.6M | $4.3M | $7.3M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $5.6M, and assets of $10.3M (revenue +21.3% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.6M, and assets of $7.5M (revenue +53.9% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.1M, and assets of $6.7M (revenue +10.2% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.2M, and assets of $6.3M (revenue -25.8% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.7M, and assets of $6.8M (revenue +9.8% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.9M, and assets of $6.7M (revenue -5.8% year-over-year).
- 2017: Revenue of $5.2M, expenses of $6.5M, and assets of $6.8M (revenue +7.8% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.8M, and assets of $7.8M (revenue +3.3% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.7M, and assets of $8.2M (revenue -2.6% year-over-year).
- 2014: Revenue of $4.8M, expenses of $4.4M, and assets of $8.5M (revenue -0.1% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.8M, and assets of $7.6M (revenue -2.3% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.6M, and assets of $7.8M (revenue +7.3% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.3M, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pension Real Estate Association:
Data Sources and Methodology
This transparency report for Pension Real Estate Association 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.