Pingry Corporation
Pingry Corporation: Strong Financials, High Program Spending, and Transparent Operations
EIN: 221493168 · Basking Ridge, NJ · NTEE: B200 · Updated: 2026-04-04
Is Pingry Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pingry Corporation directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pingry Corporation
Pingry Corporation (EIN: 221493168) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code B200. The organization reported total revenue of $100.7M and total assets of $247.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pingry Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pingry Corporation 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Pingry Corporation allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation figures raising concerns based on available filings.
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 Pingry Corporation:
- Consistently high program spending, averaging 88% of total expenses in the most recent filing.
- Strong asset base of $247,021,264, indicating financial stability and capacity.
- Healthy revenue stream of $100,660,847, demonstrating robust fundraising and operational success.
- Consistent growth in net assets over the past several years, reflecting sound financial management.
- Low administrative and fundraising overhead, indicating efficient operations.
Frequently Asked Questions about Pingry Corporation
Is Pingry Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pingry Corporation (EIN: 221493168) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Pingry Corporation spend its money?
Pingry Corporation directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pingry Corporation tax-deductible?
Pingry Corporation is registered as a tax-exempt nonprofit (EIN: 221493168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Pingry Corporation do?
Pingry Corporation is a nonprofit organization in the Education sector, located in Basking Ridge, New Jersey. It is classified under NTEE code B200.
How much revenue does Pingry Corporation have?
Pingry Corporation reported total revenue of $100,660,847. Based on 13 IRS 990 filings on record.
What are Pingry Corporation's total assets?
Pingry Corporation holds total assets of $247,021,264 as reported in IRS 990 filings.
Where is Pingry Corporation located?
Pingry Corporation is based in Basking Ridge, New Jersey.
What is Pingry Corporation's EIN?
Pingry Corporation's Employer Identification Number (EIN) is 221493168. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pingry Corporation?
Pingry Corporation is classified under NTEE code B200 (Education).
Is Pingry Corporation a registered 501(c)(3)?
Yes, Pingry Corporation is recognized as a tax-exempt organization by the IRS. EIN: 221493168.
Does Pingry Corporation file IRS Form 990?
Yes, Pingry Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Pingry Corporation's revenue in 2023?
In the 202306 filing period, Pingry Corporation reported total revenue of $64,865,323, total expenses of $72,243,422, and net assets of $235,206,749.
Is Pingry Corporation's revenue growing or declining?
Pingry Corporation's revenue is declining. Revenue went from $73,847,512 (202206) to $64,865,323 (202306), a -12.2% change. Based on 13 filings on record.
What is Pingry Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Pingry Corporation covers tax period 202306. It shows revenue of $64,865,323, expenses of $72,243,422, total assets of $235,206,749, and liabilities of $69,764,322.
How much does Pingry Corporation spend on programs vs administration?
Based on IRS 990 analysis, Pingry Corporation allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Pingry Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Pingry Corporation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Pingry Corporation's strengths?
Positive indicators for Pingry Corporation include: Consistently high program spending, averaging 88% of total expenses in the most recent filing.. Strong asset base of $247,021,264, indicating financial stability and capacity.. Healthy revenue stream of $100,660,847, demonstrating robust fundraising and operational success.. Consistent growth in net assets over the past several years, reflecting sound financial management.. Low administrative and fundraising overhead, indicating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Pingry Corporation compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation figures raising concerns based on available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Pingry Corporation managed to maintain such a high percentage of program spending consistently over the years, even with fluctuations in total revenue?
Pingry Corporation's consistent high program spending, even amidst revenue fluctuations, suggests a strong commitment to its mission and effective cost management strategies. This could be attributed to a stable operational model, efficient resource allocation, and potentially a significant portion of its revenue being restricted for program use, ensuring direct impact.
What factors contribute to the significant increase in total assets from $191,409,140 in 2020 to $247,021,264 in 2023?
The substantial increase in total assets from 2020 to 2023 likely stems from a combination of factors, including successful fundraising campaigns, investment gains on existing endowments, and potentially capital improvements or acquisitions. This growth indicates a strengthening financial position and increased capacity for future initiatives.
Filing History
IRS 990 filing history for Pingry Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pingry Corporation's revenue has grown by 34.1%, moving from $48.4M to $64.9M. Total assets increased by 83.2% over the same period, from $128.4M to $235.2M. Total functional expenses rose by 74.9%, from $41.3M to $72.2M. In its most recent filing year (2023), Pingry Corporation reported a deficit of $7.4M, with expenses exceeding revenue. The organization holds $69.8M in liabilities against $235.2M in assets (debt-to-asset ratio: 29.7%), resulting in net assets of $165.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $64.9M | $72.2M | $235.2M | $69.8M | — | — |
| 2022 | $73.8M | $67.7M | $235.6M | $67.8M | — | View 990 |
| 2021 | $70.8M | $64.8M | $215.8M | $28.8M | — | View 990 |
| 2020 | $59.2M | $64.9M | $191.4M | $34.7M | — | View 990 |
| 2019 | $63.4M | $56.4M | $195.9M | $30.3M | — | View 990 |
| 2018 | $60.4M | $61.9M | $195.7M | $34.4M | — | View 990 |
| 2017 | $51.1M | $52.7M | $197.9M | $32.8M | — | View 990 |
| 2016 | $64.5M | $49.3M | $193.8M | $32.0M | — | View 990 |
| 2015 | $60.8M | $45.3M | $178.9M | $26.4M | — | View 990 |
| 2014 | $49.9M | $44.0M | $159.4M | $18.2M | — | View 990 |
| 2013 | $50.4M | $42.5M | $148.3M | $18.4M | — | View 990 |
| 2012 | $46.8M | $43.0M | $134.0M | $17.7M | — | View 990 |
| 2011 | $48.4M | $41.3M | $128.4M | $14.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64.9M, expenses of $72.2M, and assets of $235.2M (revenue -12.2% year-over-year).
- 2022: Revenue of $73.8M, expenses of $67.7M, and assets of $235.6M (revenue +4.4% year-over-year).
- 2021: Revenue of $70.8M, expenses of $64.8M, and assets of $215.8M (revenue +19.4% year-over-year).
- 2020: Revenue of $59.2M, expenses of $64.9M, and assets of $191.4M (revenue -6.6% year-over-year).
- 2019: Revenue of $63.4M, expenses of $56.4M, and assets of $195.9M (revenue +5.0% year-over-year).
- 2018: Revenue of $60.4M, expenses of $61.9M, and assets of $195.7M (revenue +18.1% year-over-year).
- 2017: Revenue of $51.1M, expenses of $52.7M, and assets of $197.9M (revenue -20.8% year-over-year).
- 2016: Revenue of $64.5M, expenses of $49.3M, and assets of $193.8M (revenue +6.1% year-over-year).
- 2015: Revenue of $60.8M, expenses of $45.3M, and assets of $178.9M (revenue +21.8% year-over-year).
- 2014: Revenue of $49.9M, expenses of $44.0M, and assets of $159.4M (revenue -0.9% year-over-year).
- 2013: Revenue of $50.4M, expenses of $42.5M, and assets of $148.3M (revenue +7.6% year-over-year).
- 2012: Revenue of $46.8M, expenses of $43.0M, and assets of $134.0M (revenue -3.2% year-over-year).
- 2011: Revenue of $48.4M, expenses of $41.3M, and assets of $128.4M.
Data Sources and Methodology
This transparency report for Pingry Corporation 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.