Philanthropy Promotions Inc
EIN: 870695596 · Sioux Falls, SD · NTEE: T70
| Metric | Value |
|---|---|
| Total Expenses | $9K |
| Net Assets | $16K |
Is Philanthropy Promotions Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Philanthropy Promotions Inc
Philanthropy Promotions Inc (EIN: 870695596) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code T70. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philanthropy Promotions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philanthropy Promotions Inc is a micro nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -19.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $9K |
| Surplus / Deficit | +$8K |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | 47.6% |
| Months of Reserves | 21.0 months |
Financial Health Grade: A
In 2022, Philanthropy Promotions Inc reported a surplus of $8K with revenue exceeding expenses, holds 21.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Philanthropy Promotions Inc's revenue has declined at a compound annual growth rate (CAGR) of -19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -80.8% | -90.2% | +107.5% |
| 2020 | -106.3% | -90.5% | -64.6% |
| 2019 | -45.7% | -40.7% | -14.7% |
| 2018 | +-0.0% | -10.7% | +39.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Philanthropy Promotions Inc 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 Philanthropy Promotions Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Frequently Asked Questions about Philanthropy Promotions Inc
Is Philanthropy Promotions Inc a legitimate charity?
Philanthropy Promotions Inc (EIN: 870695596) is a registered tax-exempt nonprofit based in South Dakota. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Philanthropy Promotions Inc spend its money?
Philanthropy Promotions Inc reported its financials in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Philanthropy Promotions Inc tax-deductible?
Philanthropy Promotions Inc is registered as a tax-exempt nonprofit (EIN: 870695596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Philanthropy Promotions Inc located?
Philanthropy Promotions Inc is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 870695596. It is classified under NTEE code T70.
How many years of IRS 990 filings does Philanthropy Promotions Inc have?
Philanthropy Promotions Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Philanthropy Promotions Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Philanthropy Promotions Inc's revenue has declined by 90.6%, moving from $182K to $17K. Total assets decreased by 31.4% over the same period, from $23K to $16K. Total functional expenses fell by 95.3%, from $191K to $9K. In its most recent filing year (2022), Philanthropy Promotions Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $17K | $9K | $16K | $0 | — | View 990 |
| 2021 | $89K | $92K | $8K | $0 | — | View 990 |
| 2020 | $-7,151 | $11K | $10K | $0 | — | — |
| 2019 | $113K | $118K | $28K | $0 | — | View 990 |
| 2018 | $208K | $198K | $33K | $0 | — | View 990 |
| 2017 | $208K | $222K | $24K | $0 | — | View 990 |
| 2016 | $196K | $206K | $38K | $0 | — | View 990 |
| 2015 | $237K | $223K | $48K | $0 | — | View 990 |
| 2014 | $205K | $191K | $35K | $0 | — | View 990 |
| 2013 | $194K | $187K | $21K | $0 | — | View 990 |
| 2012 | $189K | $198K | $14K | $0 | — | View 990 |
| 2011 | $182K | $191K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $17K, expenses of $9K, and assets of $16K (revenue -80.8% year-over-year).
- 2021: Revenue of $89K, expenses of $92K, and assets of $8K.
- 2020: Revenue of $-7,151, expenses of $11K, and assets of $10K (revenue -106.3% year-over-year).
- 2019: Revenue of $113K, expenses of $118K, and assets of $28K (revenue -45.7% year-over-year).
- 2018: Revenue of $208K, expenses of $198K, and assets of $33K (revenue +-0.0% year-over-year).
- 2017: Revenue of $208K, expenses of $222K, and assets of $24K (revenue +6.2% year-over-year).
- 2016: Revenue of $196K, expenses of $206K, and assets of $38K (revenue -17.3% year-over-year).
- 2015: Revenue of $237K, expenses of $223K, and assets of $48K (revenue +15.4% year-over-year).
- 2014: Revenue of $205K, expenses of $191K, and assets of $35K (revenue +5.4% year-over-year).
- 2013: Revenue of $194K, expenses of $187K, and assets of $21K (revenue +2.9% year-over-year).
- 2012: Revenue of $189K, expenses of $198K, and assets of $14K (revenue +3.6% year-over-year).
- 2011: Revenue of $182K, expenses of $191K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philanthropy Promotions Inc:
Data Sources and Methodology
This transparency report for Philanthropy Promotions 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.