Picpa Foundation For Education And Research
Picpa Foundation: Strong Financials, High Program Spending
EIN: 222470981 · Philadelphia, PA · NTEE: S41P · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $5.9M |
| Program Spending | 80% |
| Net Assets | $-1,173,092 |
| Transparency Score | 85/100 |
Is Picpa Foundation For Education And Research Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Picpa Foundation For Education And Research directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Picpa Foundation For Education And Research
Picpa Foundation For Education And Research (EIN: 222470981) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code S41P. The organization reported total revenue of $5.6M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Picpa Foundation For Education And Research's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Picpa Foundation For Education And Research is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-1,584,717 |
| Total Assets | $2.8M |
| Total Liabilities | $4.0M |
| Net Assets | $-1,173,092 |
| Operating Margin | -36.6% |
| Debt-to-Asset Ratio | 141.3% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2023, Picpa Foundation For Education And Research reported a deficit of $1.6M with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 141.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Picpa Foundation For Education And Research's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.1% | -3.3% | -10.4% |
| 2022 | -9.7% | +34.4% | -14.7% |
| 2021 | +27.7% | -9.2% | +560.7% |
| 2020 | +15.0% | -3.0% | -8.3% |
| 2019 | -23.1% | -4.2% | -60.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1986 |
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 Picpa Foundation For Education And Research with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Picpa Foundation For Education And Research allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 141.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it may be reported under other expense categories or is minimal.
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.
Strengths
The following positive indicators were identified for Picpa Foundation For Education And Research:
- Consistently strong revenue generation, with 2023 revenue at $4,327,665.
- Healthy asset base, with $2,841,172 in assets reported in 2023.
- Low liabilities relative to assets, indicating good financial health.
- Consistent program spending, demonstrating a focus on its educational and research mission.
Frequently Asked Questions about Picpa Foundation For Education And Research
Is Picpa Foundation For Education And Research a legitimate charity?
Picpa Foundation For Education And Research (EIN: 222470981) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $5.6M. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Picpa Foundation For Education And Research spend its money?
Picpa Foundation For Education And Research directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Picpa Foundation For Education And Research tax-deductible?
Picpa Foundation For Education And Research is registered as a tax-exempt nonprofit (EIN: 222470981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Picpa Foundation For Education And Research's spending goes to programs?
Picpa Foundation For Education And Research directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Picpa Foundation For Education And Research compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Picpa Foundation For Education And Research is above average for NTEE category S41P nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Picpa Foundation For Education And Research located?
Picpa Foundation For Education And Research is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222470981. It is classified under NTEE code S41P.
How many years of IRS 990 filings does Picpa Foundation For Education And Research have?
Picpa Foundation For Education And Research 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. The most recent filing shows $5.6M in total revenue.
What does Picpa Foundation For Education And Research do?
Picpa Foundation For Education And Research is a nonprofit organization in the Community Improvement sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code S41P.
How much revenue does Picpa Foundation For Education And Research have?
Picpa Foundation For Education And Research reported total revenue of $5,635,161. Based on 12 IRS 990 filings on record.
What are Picpa Foundation For Education And Research's total assets?
Picpa Foundation For Education And Research holds total assets of $2,722,035 as reported in IRS 990 filings.
Where is Picpa Foundation For Education And Research located?
Picpa Foundation For Education And Research is based in Philadelphia, Pennsylvania.
What is Picpa Foundation For Education And Research's EIN?
Picpa Foundation For Education And Research's Employer Identification Number (EIN) is 222470981. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Picpa Foundation For Education And Research?
Picpa Foundation For Education And Research is classified under NTEE code S41P (Community Improvement).
Is Picpa Foundation For Education And Research a registered 501(c)(3)?
Yes, Picpa Foundation For Education And Research is recognized as a tax-exempt organization by the IRS. EIN: 222470981.
Does Picpa Foundation For Education And Research file IRS Form 990?
Yes, Picpa Foundation For Education And Research has 12 IRS Form 990 filings on record. The most recent covers tax period 202304.
What was Picpa Foundation For Education And Research's revenue in 2023?
In the 202304 filing period, Picpa Foundation For Education And Research reported total revenue of $4,327,665, total expenses of $5,912,382, and net assets of $2,841,172.
Is Picpa Foundation For Education And Research's revenue growing or declining?
Picpa Foundation For Education And Research's revenue is declining. Revenue went from $5,558,276 (202204) to $4,327,665 (202304), a -22.1% change. Based on 12 filings on record.
What is Picpa Foundation For Education And Research's most recent 990 filing?
The most recent IRS Form 990 filing for Picpa Foundation For Education And Research covers tax period 202304. It shows revenue of $4,327,665, expenses of $5,912,382, total assets of $2,841,172, and liabilities of $4,014,264.
How much does Picpa Foundation For Education And Research spend on programs vs administration?
Based on IRS 990 analysis, Picpa Foundation For Education And Research allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Picpa Foundation For Education And Research a trustworthy charity?
Based on AI analysis of IRS 990 data, Picpa Foundation For Education And Research appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Picpa Foundation For Education And Research's strengths?
Positive indicators for Picpa Foundation For Education And Research include: Consistently strong revenue generation, with 2023 revenue at $4,327,665.. Healthy asset base, with $2,841,172 in assets reported in 2023.. Low liabilities relative to assets, indicating good financial health.. Consistent program spending, demonstrating a focus on its educational and research mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Picpa Foundation For Education And Research compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it may be reported under other expense categories or is minimal. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation across all years, how does the foundation manage its leadership and administrative costs, and where are these expenses categorized in the filings?
The consistent 'c0%' suggests that executive compensation might be included within broader administrative expenses or that the foundation relies heavily on volunteer leadership or a separate entity for such costs. A deeper dive into the detailed expense schedules of the 990 filings would be necessary to identify specific allocations for leadership and administrative salaries beyond what is explicitly flagged as 'compensation'.
Filing History
IRS 990 filing history for Picpa Foundation For Education And Research showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Picpa Foundation For Education And Research's revenue has declined by 27.5%, moving from $6.0M to $4.3M. Total assets decreased by 26.9% over the same period, from $3.9M to $2.8M. Total functional expenses rose by 2.8%, from $5.8M to $5.9M. In its most recent filing year (2023), Picpa Foundation For Education And Research reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $2.8M in assets (debt-to-asset ratio: 141.3%), resulting in net assets of $-1,173,092.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $5.9M | $2.8M | $4.0M | — | View 990 |
| 2022 | $5.6M | $6.1M | $3.2M | $2.8M | — | View 990 |
| 2021 | $6.2M | $4.5M | $3.7M | $2.8M | — | — |
| 2020 | $4.8M | $5.0M | $563K | $1.2M | — | View 990 |
| 2019 | $4.2M | $5.2M | $614K | $1.1M | — | View 990 |
| 2018 | $5.4M | $5.4M | $1.5M | $1.0M | — | — |
| 2017 | $4.3M | $5.2M | $1.4M | $923K | — | View 990 |
| 2016 | $5.7M | $5.8M | $2.4M | $1.0M | — | View 990 |
| 2015 | $4.9M | $5.4M | $2.6M | $1.1M | — | View 990 |
| 2014 | $5.7M | $5.9M | $3.2M | $1.2M | — | View 990 |
| 2013 | $4.7M | $5.5M | $3.4M | $1.1M | — | View 990 |
| 2012 | $6.0M | $5.8M | $3.9M | $866K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $5.9M, and assets of $2.8M (revenue -22.1% year-over-year).
- 2022: Revenue of $5.6M, expenses of $6.1M, and assets of $3.2M (revenue -9.7% year-over-year).
- 2021: Revenue of $6.2M, expenses of $4.5M, and assets of $3.7M (revenue +27.7% year-over-year).
- 2020: Revenue of $4.8M, expenses of $5.0M, and assets of $563K (revenue +15.0% year-over-year).
- 2019: Revenue of $4.2M, expenses of $5.2M, and assets of $614K (revenue -23.1% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.4M, and assets of $1.5M (revenue +27.0% year-over-year).
- 2017: Revenue of $4.3M, expenses of $5.2M, and assets of $1.4M (revenue -24.1% year-over-year).
- 2016: Revenue of $5.7M, expenses of $5.8M, and assets of $2.4M (revenue +16.0% year-over-year).
- 2015: Revenue of $4.9M, expenses of $5.4M, and assets of $2.6M (revenue -15.2% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.9M, and assets of $3.2M (revenue +21.6% year-over-year).
- 2013: Revenue of $4.7M, expenses of $5.5M, and assets of $3.4M (revenue -20.8% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.8M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Picpa Foundation For Education And Research:
Data Sources and Methodology
This transparency report for Picpa Foundation For Education And Research 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.