Performance Initiatives Inc
Performance Initiatives Inc. shows recent deficit spending despite historical revenue fluctuations and no reported officer compensation.
EIN: 202984292 · Savannah, GA · NTEE: N31 · Updated: 2026-03-28
Is Performance Initiatives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Performance Initiatives Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Performance Initiatives Inc
Performance Initiatives Inc (EIN: 202984292) is a nonprofit organization based in Savannah, GA, classified under NTEE code N31. The organization reported total revenue of $1.6M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Performance Initiatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Performance Initiatives Inc is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $324K |
| Surplus / Deficit | $-59,480 |
| Total Assets | $44K |
| Total Liabilities | $130K |
| Net Assets | $-85,993 |
| Operating Margin | -22.4% |
| Debt-to-Asset Ratio | 296.4% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2022, Performance Initiatives Inc reported a deficit of $59K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 296.4% (high leverage).
Financial Trends
Over 9 years of filings (2014–2022), Performance Initiatives Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -16.6% | -9.0% | -60.2% |
| 2021 | +16.2% | +37.6% | -15.4% |
| 2020 | +15.0% | -4.5% | +463.3% |
| 2019 | +6.0% | +26.7% | -51.3% |
| 2018 | +92.8% | +18.3% | +27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Performance Initiatives Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Performance Initiatives Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 296.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that no salaries or benefits were paid to officers, directors, or trustees. This suggests a volunteer-led or very lean executive structure, which can be a positive for resource allocation to programs, especially given the organization's size and revenue levels.
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 Performance Initiatives Inc's IRS 990 filings:
- Consistent deficit spending in recent years (2021, 2022), where expenses exceeded revenue.
- Significant increase in liabilities in recent years, reaching $129,772 in 2022, without a clear corresponding increase in assets or revenue in the same periods to offset them.
- Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency accurately.
Strengths
The following positive indicators were identified for Performance Initiatives Inc:
- No reported officer compensation across all filings, indicating a commitment to directing funds away from executive salaries.
- Demonstrated ability to generate substantial revenue, as indicated by the 'Latest Revenue' figure of $1,595,059, suggesting potential for significant impact.
- Long filing history (9 filings) indicates sustained operation over time.
Frequently Asked Questions about Performance Initiatives Inc
Is Performance Initiatives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Performance Initiatives Inc (EIN: 202984292) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Performance Initiatives Inc spend its money?
Performance Initiatives Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Performance Initiatives Inc tax-deductible?
Performance Initiatives Inc is registered as a tax-exempt nonprofit (EIN: 202984292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Performance Initiatives Inc. financially stable given recent deficit spending?
The organization has reported expenses exceeding revenue in 5 of the last 9 filings, including the most recent two (2021 and 2022). This trend of deficit spending, with expenses of $324,448 against $264,968 revenue in 2022, raises concerns about long-term financial stability if not addressed. However, the 'Latest Revenue' of $1,595,059 and assets of $1,430,597 suggest a significant recent financial improvement or event not detailed in the historical 990 data provided, which could alter this assessment.
What caused the significant increase in 'Latest Revenue' and assets compared to historical filings?
The provided historical 990 data shows annual revenues ranging from $110,616 to $317,811, with assets typically under $200,000. The 'Latest Revenue' of $1,595,059 and assets of $1,430,597 represent a substantial increase not explained by the historical filing data. This could be due to a major grant, a capital campaign, or a significant change in operations or reporting period not captured in the provided 990 summaries.
How does the organization manage its liabilities, especially with recent increases?
Liabilities have fluctuated, showing a notable increase in recent years, reaching $129,772 in 2022 and $124,244 in 2021, compared to much lower figures in earlier periods (e.g., $0 in 2014). This increase in liabilities, particularly when coupled with deficit spending, warrants scrutiny to understand their nature and the organization's plan for managing them.
Filing History
IRS 990 filing history for Performance Initiatives Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), Performance Initiatives Inc's revenue has grown by 59.2%, moving from $166K to $265K. Total assets decreased by 43.9% over the same period, from $78K to $44K. Total functional expenses rose by 122.8%, from $146K to $324K. In its most recent filing year (2022), Performance Initiatives Inc reported a deficit of $59K, with expenses exceeding revenue. The organization holds $130K in liabilities against $44K in assets (debt-to-asset ratio: 296.4%), resulting in net assets of $-85,993.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $265K | $324K | $44K | $130K | — | View 990 |
| 2021 | $318K | $356K | $110K | $124K | — | View 990 |
| 2020 | $274K | $259K | $130K | $106K | — | View 990 |
| 2019 | $238K | $271K | $23K | $13K | — | View 990 |
| 2018 | $224K | $214K | $47K | $4K | — | View 990 |
| 2017 | $116K | $181K | $37K | $5K | — | View 990 |
| 2016 | $111K | $210K | $99K | $2K | — | View 990 |
| 2015 | $308K | $192K | $199K | $3K | — | View 990 |
| 2014 | $166K | $146K | $78K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $265K, expenses of $324K, and assets of $44K (revenue -16.6% year-over-year).
- 2021: Revenue of $318K, expenses of $356K, and assets of $110K (revenue +16.2% year-over-year).
- 2020: Revenue of $274K, expenses of $259K, and assets of $130K (revenue +15.0% year-over-year).
- 2019: Revenue of $238K, expenses of $271K, and assets of $23K (revenue +6.0% year-over-year).
- 2018: Revenue of $224K, expenses of $214K, and assets of $47K (revenue +92.8% year-over-year).
- 2017: Revenue of $116K, expenses of $181K, and assets of $37K (revenue +5.2% year-over-year).
- 2016: Revenue of $111K, expenses of $210K, and assets of $99K (revenue -64.1% year-over-year).
- 2015: Revenue of $308K, expenses of $192K, and assets of $199K (revenue +85.3% year-over-year).
- 2014: Revenue of $166K, expenses of $146K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Performance Initiatives Inc:
Data Sources and Methodology
This transparency report for Performance Initiatives 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.