Pilates For A Purpose Inc
EIN: 861293270 · Sandy Hook, CT · NTEE: T12
Is Pilates For A Purpose Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pilates For A Purpose Inc
Pilates For A Purpose Inc (EIN: 861293270) is a nonprofit organization based in Sandy Hook, CT, classified under NTEE code T12. The organization reported total revenue of $8K and total assets of $426 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pilates For A Purpose Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pilates For A Purpose Inc is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -76.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | $-332 |
| Total Assets | $673 |
| Net Assets | $673 |
| Operating Margin | -16.0% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2023, Pilates For A Purpose Inc reported a deficit of $332 with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2022–2023), Pilates For A Purpose Inc's revenue has declined at a compound annual growth rate (CAGR) of -76.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.6% | -69.4% | -33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pilates For A Purpose 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 Pilates For A Purpose 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $332, with expenses exceeding revenue.
Frequently Asked Questions about Pilates For A Purpose Inc
Is Pilates For A Purpose Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pilates For A Purpose Inc (EIN: 861293270) insufficient data. 0 red flags identified, 0 strengths noted.
How does Pilates For A Purpose Inc spend its money?
Detailed spending breakdown data is not yet available for Pilates For A Purpose Inc. Check back for updated IRS 990 analysis.
Are donations to Pilates For A Purpose Inc tax-deductible?
Pilates For A Purpose Inc is registered as a tax-exempt nonprofit (EIN: 861293270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Pilates For A Purpose Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Pilates For A Purpose Inc's revenue has declined by 76.6%, moving from $9K to $2K. Total assets decreased by 33% over the same period, from $1K to $673. Total functional expenses fell by 69.4%, from $8K to $2K. In its most recent filing year (2023), Pilates For A Purpose Inc reported a deficit of $332, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $2K | $673 | $0 | — | View 990 |
| 2022 | $9K | $8K | $1K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pilates For A Purpose Inc:
Data Sources and Methodology
This transparency report for Pilates For A Purpose 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.