Phd Project Association
Phd Project Association faces recent deficits with expenses exceeding revenue in multiple periods, despite zero reported officer compensation.
EIN: 202610773 · Montvale, NJ · NTEE: R22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.1M |
| Program Spending | 75% |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Phd Project Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phd Project Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phd Project Association
Phd Project Association (EIN: 202610773) is a nonprofit organization based in Montvale, NJ, classified under NTEE code R22. The organization reported total revenue of $4.3M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phd Project Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phd Project Association is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-1,117,961 |
| Total Assets | $1.6M |
| Total Liabilities | $261K |
| Net Assets | $1.3M |
| Operating Margin | -55.9% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2023, Phd Project Association reported a deficit of $1.1M with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phd Project Association's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.5% | +50.7% | -37.6% |
| 2022 | -51.8% | +56.9% | -18.8% |
| 2021 | +79.5% | -51.9% | +89.7% |
| 2020 | -34.3% | +4.7% | -39.9% |
| 2019 | +22.5% | +25.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Phd Project Association with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Phd Project 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
The Phd Project Association consistently reports 0% officer compensation across all available IRS 990 filings, indicating either a fully volunteer executive leadership or that executive salaries are categorized differently, which is a positive sign for resource allocation directly to mission if accurate.
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 Phd Project Association's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $3.1M vs. revenue $2.0M; 2022 expenses $2.0M vs. revenue $1.3M).
- Significant year-over-year revenue volatility (e.g., $2.8M in 2021 down to $1.3M in 2022).
- Increasing liabilities from $24,401 in 2021 to $260,880 in 2023, alongside declining assets.
- Declining assets from a peak of $3,174,411 in 2021 to $1,608,113 in 2023, potentially due to deficit spending.
Strengths
The following positive indicators were identified for Phd Project Association:
- Zero reported officer compensation across all filings, indicating a commitment to directing funds to mission or efficient leadership structure.
- Consistent filing of IRS 990s, demonstrating compliance and transparency in reporting.
- Historically strong asset base, though recently declining, which could provide some buffer against current deficits.
- Long operational history with 13 filings, suggesting established presence and experience.
Frequently Asked Questions about Phd Project Association
Is Phd Project Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Phd Project Association (EIN: 202610773) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Phd Project Association spend its money?
Phd Project Association directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Phd Project Association tax-deductible?
Phd Project Association is registered as a tax-exempt nonprofit (EIN: 202610773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phd Project Association's spending goes to programs?
Phd Project Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phd Project Association compare to similar nonprofits?
With a transparency score of 70/100 (Good), Phd Project Association is above average for NTEE category R22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phd Project Association located?
Phd Project Association is headquartered in Montvale, New Jersey and files with the IRS under EIN 202610773. It is classified under NTEE code R22.
How many years of IRS 990 filings does Phd Project Association have?
Phd Project 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 $4.3M in total revenue.
Why have expenses consistently exceeded revenue in recent fiscal years (e.g., 2023 and 2022)?
In 2023, expenses were $3,118,172 against revenues of $2,000,211, and in 2022, expenses were $2,068,450 against revenues of $1,384,348. This trend suggests the organization may be drawing down reserves or relying on other funding sources not fully captured in the revenue figures, which needs clarification for long-term sustainability.
How does the organization sustain operations with recurring deficits?
With expenses exceeding revenue in multiple recent periods, the organization's ability to sustain operations without significant changes in funding or spending patterns is a key question. This could be due to strategic use of accumulated assets, which have fluctuated significantly (e.g., from $3,174,411 in 2021 to $1,608,113 in 2023).
What caused the significant drop in revenue from $2,872,226 in 2021 to $1,384,348 in 2022?
This nearly 50% decrease in revenue year-over-year suggests a major change in funding streams or fundraising success, which could impact program delivery and financial stability.
Are there plans to address the increasing liabilities, which rose from $24,401 in 2021 to $260,880 in 2023?
The substantial increase in liabilities over a short period, alongside deficit spending, could indicate growing financial strain or new financial obligations that need to be managed.
Filing History
IRS 990 filing history for Phd Project Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phd Project Association's revenue has declined by 1.8%, moving from $2.0M to $2.0M. Total assets decreased by 15% over the same period, from $1.9M to $1.6M. Total functional expenses rose by 100.5%, from $1.6M to $3.1M. In its most recent filing year (2023), Phd Project Association reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $261K in liabilities against $1.6M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $3.1M | $1.6M | $261K | — | View 990 |
| 2022 | $1.4M | $2.1M | $2.6M | $111K | — | View 990 |
| 2021 | $2.9M | $1.3M | $3.2M | $24K | — | — |
| 2020 | $1.6M | $2.7M | $1.7M | $77K | — | View 990 |
| 2019 | $2.4M | $2.6M | $2.8M | $46K | — | View 990 |
| 2018 | $2.0M | $2.1M | $2.9M | $19K | — | View 990 |
| 2017 | $2.3M | $1.8M | $3.0M | $7K | — | View 990 |
| 2016 | $2.5M | $1.7M | $2.5M | $20K | — | View 990 |
| 2015 | $1.8M | $1.7M | $1.7M | $13K | — | View 990 |
| 2014 | $1.9M | $1.9M | $1.6M | $26K | — | View 990 |
| 2013 | $1.7M | $2.0M | $1.5M | $6K | — | View 990 |
| 2012 | $1.8M | $1.7M | $1.9M | $6K | — | View 990 |
| 2011 | $2.0M | $1.6M | $1.9M | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $3.1M, and assets of $1.6M (revenue +44.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.1M, and assets of $2.6M (revenue -51.8% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.3M, and assets of $3.2M (revenue +79.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.7M, and assets of $1.7M (revenue -34.3% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.6M, and assets of $2.8M (revenue +22.5% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $2.9M (revenue -12.6% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.8M, and assets of $3.0M (revenue -9.4% year-over-year).
- 2016: Revenue of $2.5M, expenses of $1.7M, and assets of $2.5M (revenue +39.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $1.7M (revenue -4.6% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $1.6M (revenue +9.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.0M, and assets of $1.5M (revenue -3.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $1.9M (revenue -11.5% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.6M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phd Project Association:
Data Sources and Methodology
This transparency report for Phd Project 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.