Pete Foundation For Depression Prevention
EIN: 814667398 · Louisville, KY · NTEE: F01
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $134K |
| Net Assets | $221K |
Is Pete Foundation For Depression Prevention Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pete Foundation For Depression Prevention
Pete Foundation For Depression Prevention (EIN: 814667398) is a nonprofit organization based in Louisville, KY, classified under NTEE code F01. The organization reported total revenue of $152K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pete Foundation For Depression Prevention's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pete Foundation For Depression Prevention is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $134K |
| Surplus / Deficit | +$66K |
| Total Assets | $263K |
| Total Liabilities | $42K |
| Net Assets | $221K |
| Operating Margin | 33.0% |
| Debt-to-Asset Ratio | 16.1% |
| Months of Reserves | 23.5 months |
Financial Health Grade: A
In 2023, Pete Foundation For Depression Prevention reported a surplus of $66K with revenue exceeding expenses, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 16.1% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Pete Foundation For Depression Prevention's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | +81.6% | +37.7% |
| 2022 | +116.0% | -24.9% | +81.7% |
| 2021 | -6.8% | +2.0% | +3.9% |
| 2020 | -53.7% | -32.8% | -19.9% |
| 2019 | +167.3% | +166.1% | +54.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pete Foundation For Depression Prevention 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 Pete Foundation For Depression Prevention 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.1%.
Frequently Asked Questions about Pete Foundation For Depression Prevention
Is Pete Foundation For Depression Prevention a legitimate charity?
Pete Foundation For Depression Prevention (EIN: 814667398) is a registered tax-exempt nonprofit based in Kentucky. It has 7 years of IRS 990 filings on record. Total revenue: $152K. No red flags identified. Financial health grade: A.
How does Pete Foundation For Depression Prevention spend its money?
Pete Foundation For Depression Prevention reported $152K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pete Foundation For Depression Prevention tax-deductible?
Pete Foundation For Depression Prevention is registered as a tax-exempt nonprofit (EIN: 814667398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pete Foundation For Depression Prevention located?
Pete Foundation For Depression Prevention is headquartered in Louisville, Kentucky and files with the IRS under EIN 814667398. It is classified under NTEE code F01.
How many years of IRS 990 filings does Pete Foundation For Depression Prevention have?
Pete Foundation For Depression Prevention has 7 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 $152K in total revenue.
Filing History
IRS 990 filing history for Pete Foundation For Depression Prevention showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Pete Foundation For Depression Prevention's revenue has grown by 218.5%, moving from $63K to $200K. Total assets increased by 287.3% over the same period, from $68K to $263K. Total functional expenses rose by 1225.3%, from $10K to $134K. In its most recent filing year (2023), Pete Foundation For Depression Prevention reported a surplus of $66K, with revenue exceeding expenses. The organization holds $42K in liabilities against $263K in assets (debt-to-asset ratio: 16.1%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $134K | $263K | $42K | — | View 990 |
| 2022 | $166K | $74K | $191K | $19K | — | View 990 |
| 2021 | $77K | $98K | $105K | $26K | — | View 990 |
| 2020 | $82K | $96K | $101K | $149 | — | View 990 |
| 2019 | $178K | $143K | $126K | $11K | — | View 990 |
| 2018 | $67K | $54K | $82K | $949 | — | View 990 |
| 2017 | $63K | $10K | $68K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $134K, and assets of $263K (revenue +20.6% year-over-year).
- 2022: Revenue of $166K, expenses of $74K, and assets of $191K (revenue +116.0% year-over-year).
- 2021: Revenue of $77K, expenses of $98K, and assets of $105K (revenue -6.8% year-over-year).
- 2020: Revenue of $82K, expenses of $96K, and assets of $101K (revenue -53.7% year-over-year).
- 2019: Revenue of $178K, expenses of $143K, and assets of $126K (revenue +167.3% year-over-year).
- 2018: Revenue of $67K, expenses of $54K, and assets of $82K (revenue +5.9% year-over-year).
- 2017: Revenue of $63K, expenses of $10K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pete Foundation For Depression Prevention:
Data Sources and Methodology
This transparency report for Pete Foundation For Depression Prevention 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.