Pittsburgh Urban Magnet Project
EIN: 251800835 · Pittsburgh, PA · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $951K |
| Net Assets | $96K |
Is Pittsburgh Urban Magnet Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pittsburgh Urban Magnet Project
Pittsburgh Urban Magnet Project (EIN: 251800835) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code A99. The organization reported total revenue of $1.1M and total assets of $305K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pittsburgh Urban Magnet Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pittsburgh Urban Magnet Project is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $966K |
| Total Expenses | $951K |
| Surplus / Deficit | +$15K |
| Total Assets | $295K |
| Total Liabilities | $200K |
| Net Assets | $96K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 67.6% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Pittsburgh Urban Magnet Project reported a surplus of $15K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 67.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pittsburgh Urban Magnet Project's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | -4.0% | +13.9% |
| 2022 | +1.8% | +43.8% | -7.1% |
| 2021 | +194.9% | +35.8% | +338.4% |
| 2020 | -73.4% | -58.6% | -43.9% |
| 2019 | -11.5% | -10.3% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pittsburgh Urban Magnet Project 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 Pittsburgh Urban Magnet Project 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 surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.6%.
Frequently Asked Questions about Pittsburgh Urban Magnet Project
Is Pittsburgh Urban Magnet Project a legitimate charity?
Pittsburgh Urban Magnet Project (EIN: 251800835) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Pittsburgh Urban Magnet Project spend its money?
Pittsburgh Urban Magnet Project reported $1.1M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pittsburgh Urban Magnet Project tax-deductible?
Pittsburgh Urban Magnet Project is registered as a tax-exempt nonprofit (EIN: 251800835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pittsburgh Urban Magnet Project located?
Pittsburgh Urban Magnet Project is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 251800835. It is classified under NTEE code A99.
How many years of IRS 990 filings does Pittsburgh Urban Magnet Project have?
Pittsburgh Urban Magnet Project has 13 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Pittsburgh Urban Magnet Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pittsburgh Urban Magnet Project's revenue has grown by 27.1%, moving from $761K to $966K. Total assets increased by 159.2% over the same period, from $114K to $295K. Total functional expenses rose by 25.4%, from $759K to $951K. In its most recent filing year (2023), Pittsburgh Urban Magnet Project reported a surplus of $15K, with revenue exceeding expenses. The organization holds $200K in liabilities against $295K in assets (debt-to-asset ratio: 67.6%), resulting in net assets of $96K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $966K | $951K | $295K | $200K | — | — |
| 2022 | $963K | $990K | $259K | $179K | — | View 990 |
| 2021 | $946K | $689K | $279K | $171K | — | View 990 |
| 2020 | $321K | $507K | $64K | $164K | — | View 990 |
| 2019 | $1.2M | $1.2M | $113K | $133K | — | View 990 |
| 2018 | $1.4M | $1.4M | $128K | $138K | — | View 990 |
| 2017 | $1.2M | $1.2M | $101K | $113K | — | View 990 |
| 2016 | $1.2M | $1.3M | $162K | $122K | — | View 990 |
| 2015 | $1.2M | $1.1M | $214K | $135K | — | View 990 |
| 2014 | $1.0M | $1.1M | $144K | $122K | — | View 990 |
| 2013 | $961K | $952K | $219K | $159K | — | View 990 |
| 2012 | $795K | $801K | $133K | $82K | — | View 990 |
| 2011 | $761K | $759K | $114K | $50 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $966K, expenses of $951K, and assets of $295K (revenue +0.4% year-over-year).
- 2022: Revenue of $963K, expenses of $990K, and assets of $259K (revenue +1.8% year-over-year).
- 2021: Revenue of $946K, expenses of $689K, and assets of $279K (revenue +194.9% year-over-year).
- 2020: Revenue of $321K, expenses of $507K, and assets of $64K (revenue -73.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $113K (revenue -11.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $128K (revenue +16.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $101K (revenue -4.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $162K (revenue +3.7% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $214K (revenue +16.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $144K (revenue +6.5% year-over-year).
- 2013: Revenue of $961K, expenses of $952K, and assets of $219K (revenue +20.9% year-over-year).
- 2012: Revenue of $795K, expenses of $801K, and assets of $133K (revenue +4.6% year-over-year).
- 2011: Revenue of $761K, expenses of $759K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pittsburgh Urban Magnet Project:
Data Sources and Methodology
This transparency report for Pittsburgh Urban Magnet Project 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.