Pericles Foundation
Pericles Foundation operates with minimal revenue and assets, frequently incurring deficits.
EIN: 201364959 · Portland, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $800 |
| Total Expenses | $19K |
| Program Spending | 75% |
| Net Assets | $333 |
| Transparency Score | 45/100 |
Is Pericles Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pericles Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pericles Foundation
Pericles Foundation (EIN: 201364959) is a nonprofit organization based in Portland, ME, classified under NTEE code T22. The organization reported total revenue of $800 and total assets of $84 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pericles Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pericles Foundation is a micro nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $19K |
| Surplus / Deficit | $-400 |
| Total Assets | $334 |
| Total Liabilities | $1 |
| Net Assets | $333 |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, Pericles Foundation reported a deficit of $400 with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pericles Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.6% | +64.8% | -54.5% |
| 2022 | -61.2% | -62.2% | +8.1% |
| 2021 | +42.1% | -25.3% | -48.9% |
| 2020 | +1.2% | +245.6% | -93.8% |
| 2019 | +2000.3% | +1393.8% | +3486.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Pericles Foundation with a Mission Score of 45 out of 100 (Fair). 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, Pericles Foundation 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 deficit of $400, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
No officer compensation has been reported in any of the 10 available IRS 990 filings, indicating an all-volunteer leadership or compensation below reporting thresholds, which is typical for an organization of this small financial scale.
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 Pericles Foundation's IRS 990 filings:
- Frequent operating deficits (e.g., $19,200 expenses vs. $18,800 revenue in 2023; $41,300 expenses vs. $21,251 revenue in 2020).
- Extremely low current assets ($84) relative to historical levels ($21,378 in 2019), indicating a significant decline in financial resources.
- Highly inconsistent revenue generation over time, making long-term planning and program sustainability difficult.
- Latest reported revenue of only $800, suggesting minimal current operational capacity.
Strengths
The following positive indicators were identified for Pericles Foundation:
- Consistent filing of IRS 990 forms over 10 periods, demonstrating a commitment to transparency.
- No reported officer compensation, suggesting an all-volunteer or very low-cost leadership structure.
Frequently Asked Questions about Pericles Foundation
Is Pericles Foundation a legitimate charity?
Pericles Foundation (EIN: 201364959) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $800. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Pericles Foundation spend its money?
Pericles Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Pericles Foundation tax-deductible?
Pericles Foundation is registered as a tax-exempt nonprofit (EIN: 201364959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pericles Foundation's spending goes to programs?
Pericles Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pericles Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Pericles Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pericles Foundation located?
Pericles Foundation is headquartered in Portland, Maine and files with the IRS under EIN 201364959. It is classified under NTEE code T22.
How many years of IRS 990 filings does Pericles Foundation have?
Pericles Foundation has 10 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 $800 in total revenue.
Is Pericles Foundation a good charity?
Based on the available financial data, Pericles Foundation operates on a very small scale with inconsistent revenue and frequent deficits. While it consistently files its 990s, indicating transparency, its financial stability and capacity to deliver significant programmatic impact are questionable given its latest reported revenue of $800 and assets of $84.
What is the financial trend of Pericles Foundation?
The financial trend shows significant volatility. Revenue has ranged from $1 to $33,169 over the years, and the organization frequently spends more than it earns, leading to deficits. Assets have also declined significantly from a high of $21,378 in 2019 to just $84 currently.
How does Pericles Foundation manage its expenses?
Pericles Foundation frequently reports expenses exceeding its revenue, such as $19,200 in expenses against $18,800 in revenue in 2023, and a substantial deficit in 2020 with $41,300 in expenses against $21,251 in revenue. This suggests a challenge in matching spending with incoming funds.
Filing History
IRS 990 filing history for Pericles Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pericles Foundation's revenue has declined by 43.3%, moving from $33K to $19K. Total assets decreased by 98.2% over the same period, from $19K to $334. Total functional expenses fell by 20.9%, from $24K to $19K. In its most recent filing year (2023), Pericles Foundation reported a deficit of $400, with expenses exceeding revenue. The organization holds $1 in liabilities against $334 in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $333.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $19K | $334 | $1 | — | — |
| 2022 | $12K | $12K | $734 | $1 | — | — |
| 2021 | $30K | $31K | $679 | $1 | — | View 990 |
| 2020 | $21K | $41K | $1K | $1 | — | View 990 |
| 2019 | $21K | $12K | $21K | $1 | — | View 990 |
| 2015 | $1K | $800 | $596 | $1 | — | View 990 |
| 2014 | $1 | $1K | $396 | $1 | — | View 990 |
| 2013 | $19K | $23K | $2K | $0 | — | View 990 |
| 2012 | $7K | $20K | $5K | $1 | — | View 990 |
| 2011 | $33K | $24K | $19K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $19K, and assets of $334 (revenue +60.6% year-over-year).
- 2022: Revenue of $12K, expenses of $12K, and assets of $734 (revenue -61.2% year-over-year).
- 2021: Revenue of $30K, expenses of $31K, and assets of $679 (revenue +42.1% year-over-year).
- 2020: Revenue of $21K, expenses of $41K, and assets of $1K (revenue +1.2% year-over-year).
- 2019: Revenue of $21K, expenses of $12K, and assets of $21K (revenue +2000.3% year-over-year).
- 2015: Revenue of $1K, expenses of $800, and assets of $596 (revenue +99900.0% year-over-year).
- 2014: Revenue of $1, expenses of $1K, and assets of $396 (revenue -100.0% year-over-year).
- 2013: Revenue of $19K, expenses of $23K, and assets of $2K (revenue +179.4% year-over-year).
- 2012: Revenue of $7K, expenses of $20K, and assets of $5K (revenue -79.3% year-over-year).
- 2011: Revenue of $33K, expenses of $24K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pericles Foundation:
Data Sources and Methodology
This transparency report for Pericles Foundation 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.