Pindaros Foundation Inc
Pindaros Foundation shows highly erratic financial performance with zero executive compensation.
EIN: 10623055 · New York, NY · NTEE: T22 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $10.4M |
| Total Expenses | $6.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $43.3M |
| Transparency Score | 70/100 |
Is Pindaros Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pindaros Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pindaros Foundation Inc
Pindaros Foundation Inc (EIN: 10623055) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $10.4M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pindaros Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pindaros Foundation Inc is a large nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-3,717,975 |
| Total Assets | $43.3M |
| Total Liabilities | $1 |
| Net Assets | $43.3M |
| Operating Margin | -122.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 76.8 months |
Financial Health Grade: B
In 2023, Pindaros Foundation Inc reported a deficit of $3.7M with expenses exceeding revenue, holds 76.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pindaros Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +197.5% | +31.1% | -7.9% |
| 2022 | -88.5% | +1527.1% | -8.1% |
| 2021 | +192.9% | -99.3% | +20.1% |
| 2020 | -5.9% | +20779.9% | +1.5% |
| 2019 | -44.7% | -96.1% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Pindaros Foundation Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Pindaros Foundation Inc 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 $3.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly unusual for an organization with revenues exceeding $10 million in some years and assets over $40 million in recent periods.
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 Pindaros Foundation Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial stability difficult to assess.
- Significant expense spikes (e.g., $47,337,626 in 2020) without clear explanation in provided data.
- Substantial asset decline from $51M in 2021 to $43M in 2023.
Strengths
The following positive indicators were identified for Pindaros Foundation Inc:
- Consistent reporting of zero officer compensation, indicating high resource allocation to mission.
- Generally low liabilities, suggesting good debt management.
- Substantial asset base, providing financial resilience despite revenue fluctuations (e.g., $43,312,099 in 2023).
Frequently Asked Questions about Pindaros Foundation Inc
Is Pindaros Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pindaros Foundation Inc (EIN: 10623055) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Pindaros Foundation Inc spend its money?
Pindaros Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pindaros Foundation Inc tax-deductible?
Pindaros Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10623055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pindaros Foundation Inc CEO make?
Pindaros Foundation Inc's highest-compensated officer earns $10 annually. The organization reported $10.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pindaros Foundation Inc's spending goes to programs?
Pindaros Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pindaros Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Pindaros Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pindaros Foundation Inc located?
Pindaros Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 10623055. It is classified under NTEE code T22.
How many years of IRS 990 filings does Pindaros Foundation Inc have?
Pindaros Foundation Inc has 10 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 $10.4M in total revenue.
What caused the significant expense spikes in 2020 ($47,337,626) and 2023 ($6,766,689) compared to other years?
The provided data does not specify the nature of these large expenditures, making it difficult to determine if they were program-related or due to other factors. Further investigation into the detailed IRS 990 forms would be necessary.
How does the Pindaros Foundation operate with zero officer compensation, given its substantial revenue and asset base?
The consistent reporting of zero officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other means not reported as officer compensation, or that the organization has a unique operational structure. This is a significant positive for resource allocation if truly volunteer-led.
What is the reason for the substantial decrease in assets from $51,166,444 in 2021 to $43,312,099 in 2023?
The data does not provide specific reasons for this asset decline. It could be due to significant program spending, investment losses, or other financial activities. A deeper dive into the organization's financial statements would be required to understand this trend.
Filing History
IRS 990 filing history for Pindaros Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pindaros Foundation Inc's revenue has declined by 33.7%, moving from $4.6M to $3.0M. Total assets increased by 563.8% over the same period, from $6.5M to $43.3M. Total functional expenses rose by 59.4%, from $4.2M to $6.8M. In its most recent filing year (2023), Pindaros Foundation Inc reported a deficit of $3.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $43.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $43.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $6.8M | $43.3M | $1 | — | — |
| 2022 | $1.0M | $5.2M | $47.0M | $1 | — | View 990 |
| 2021 | $8.9M | $317K | $51.2M | $1 | — | View 990 |
| 2020 | $3.0M | $47.3M | $42.6M | $1 | — | View 990 |
| 2019 | $3.2M | $227K | $42.0M | $0 | — | View 990 |
| 2015 | $5.8M | $5.7M | $37.6M | $0 | — | View 990 |
| 2014 | $19.0M | $8.8M | $35.1M | $0 | — | View 990 |
| 2013 | $10.2M | $719K | $16.6M | $0 | — | View 990 |
| 2012 | $845K | $224K | $7.1M | $0 | — | View 990 |
| 2011 | $4.6M | $4.2M | $6.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $6.8M, and assets of $43.3M (revenue +197.5% year-over-year).
- 2022: Revenue of $1.0M, expenses of $5.2M, and assets of $47.0M (revenue -88.5% year-over-year).
- 2021: Revenue of $8.9M, expenses of $317K, and assets of $51.2M (revenue +192.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $47.3M, and assets of $42.6M (revenue -5.9% year-over-year).
- 2019: Revenue of $3.2M, expenses of $227K, and assets of $42.0M (revenue -44.7% year-over-year).
- 2015: Revenue of $5.8M, expenses of $5.7M, and assets of $37.6M (revenue -69.4% year-over-year).
- 2014: Revenue of $19.0M, expenses of $8.8M, and assets of $35.1M (revenue +86.3% year-over-year).
- 2013: Revenue of $10.2M, expenses of $719K, and assets of $16.6M (revenue +1109.7% year-over-year).
- 2012: Revenue of $845K, expenses of $224K, and assets of $7.1M (revenue -81.6% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.2M, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pindaros Foundation Inc:
Data Sources and Methodology
This transparency report for Pindaros Foundation 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.