Planning And Art Resources For Communities Inc
Planning And Art Resources For Communities Inc faces significant operating deficits despite substantial assets.
EIN: 134350414 · New York, NY · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.9M |
| Total Expenses | $4.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $42 |
| Net Assets | $36.5M |
| Transparency Score | 75/100 |
Is Planning And Art Resources For Communities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Planning And Art Resources For Communities Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Planning And Art Resources For Communities Inc
Planning And Art Resources For Communities Inc (EIN: 134350414) is a nonprofit organization based in New York, NY, classified under NTEE code T23. The organization reported total revenue of $13.9M and total assets of $42.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Planning And Art Resources For Communities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Planning And Art Resources For Communities Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $866K |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-3,147,361 |
| Total Assets | $37.3M |
| Total Liabilities | $823K |
| Net Assets | $36.5M |
| Operating Margin | -363.6% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 111.6 months |
Financial Health Grade: B
In 2023, Planning And Art Resources For Communities Inc reported a deficit of $3.1M with expenses exceeding revenue, holds 111.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Planning And Art Resources For Communities Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.1% | -18.7% | -2.9% |
| 2022 | -53.3% | +25.9% | -26.8% |
| 2021 | +208.6% | +133.3% | +18.0% |
| 2020 | -25.6% | +21.0% | +0.5% |
| 2019 | -28.0% | -27.8% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Planning And Art Resources For Communities Inc with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Planning And Art Resources For Communities Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of this size with over $42 million in assets.
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 Planning And Art Resources For Communities Inc's IRS 990 filings:
- Consistent significant operating deficits in recent years (e.g., $3.1 million deficit in 2023, $3 million deficit in 2022).
- Revenue has significantly declined from a peak of $4,125,701 in 2021 to $865,705 in 2023, while expenses have remained high.
Strengths
The following positive indicators were identified for Planning And Art Resources For Communities Inc:
- Substantial asset base of $42,120,062 provides financial stability.
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Consistent history of IRS 990 filings demonstrates regulatory compliance and transparency.
Frequently Asked Questions about Planning And Art Resources For Communities Inc
Is Planning And Art Resources For Communities Inc a legitimate charity?
Planning And Art Resources For Communities Inc (EIN: 134350414) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $13.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Planning And Art Resources For Communities Inc spend its money?
Planning And Art Resources For Communities Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Planning And Art Resources For Communities Inc tax-deductible?
Planning And Art Resources For Communities Inc is registered as a tax-exempt nonprofit (EIN: 134350414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Planning And Art Resources For Communities Inc CEO make?
Planning And Art Resources For Communities Inc's highest-compensated officer earns $42 annually. The organization reported $13.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Planning And Art Resources For Communities Inc's spending goes to programs?
Planning And Art Resources For Communities Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Planning And Art Resources For Communities Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Planning And Art Resources For Communities Inc is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Planning And Art Resources For Communities Inc located?
Planning And Art Resources For Communities Inc is headquartered in New York, New York and files with the IRS under EIN 134350414. It is classified under NTEE code T23.
How many years of IRS 990 filings does Planning And Art Resources For Communities Inc have?
Planning And Art Resources For Communities 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 $13.9M in total revenue.
Is Planning And Art Resources For Communities Inc a good charity?
PARC exhibits strengths in its substantial asset base and zero reported officer compensation, suggesting efficient use of funds at the executive level. However, recent significant operating deficits (e.g., $4,013,066 expenses vs. $865,705 revenue in 2023) are a concern for long-term financial health. A deeper dive into how these deficits are being managed and the specific program impact would be beneficial.
How does PARC fund its operations given the recent deficits?
Given the consistent operating deficits in recent years, PARC is likely drawing from its substantial asset base, which stood at $42,120,062 in the latest period. This strategy is not sustainable indefinitely without a significant increase in revenue or reduction in expenses.
What is the trend in PARC's financial health?
PARC's financial health shows a concerning trend of increasing operating deficits in the most recent two periods (2022 and 2023), contrasting with periods of surplus in 2019, 2015, 2013, 2012, and 2011. While assets remain high, the recent negative operating margins indicate a need for financial re-evaluation.
Filing History
IRS 990 filing history for Planning And Art Resources For Communities Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Planning And Art Resources For Communities Inc's revenue has declined by 46.7%, moving from $1.6M to $866K. Total assets decreased by 1.9% over the same period, from $38.0M to $37.3M. Total functional expenses rose by 239.5%, from $1.2M to $4.0M. In its most recent filing year (2023), Planning And Art Resources For Communities Inc reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $823K in liabilities against $37.3M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $36.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $866K | $4.0M | $37.3M | $823K | — | View 990 |
| 2022 | $1.9M | $4.9M | $38.4M | $282K | — | View 990 |
| 2021 | $4.1M | $3.9M | $52.5M | $625K | — | View 990 |
| 2020 | $1.3M | $1.7M | $44.5M | $36K | — | — |
| 2019 | $1.8M | $1.4M | $44.2M | $604K | — | View 990 |
| 2015 | $2.5M | $1.9M | $41.6M | $17K | — | View 990 |
| 2014 | $1.3M | $1.8M | $43.2M | $76K | — | View 990 |
| 2013 | $2.7M | $2.3M | $42.5M | $340K | — | View 990 |
| 2012 | $1.7M | $979K | $39.5M | $53K | — | View 990 |
| 2011 | $1.6M | $1.2M | $38.0M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $866K, expenses of $4.0M, and assets of $37.3M (revenue -55.1% year-over-year).
- 2022: Revenue of $1.9M, expenses of $4.9M, and assets of $38.4M (revenue -53.3% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.9M, and assets of $52.5M (revenue +208.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.7M, and assets of $44.5M (revenue -25.6% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.4M, and assets of $44.2M (revenue -28.0% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.9M, and assets of $41.6M (revenue +86.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.8M, and assets of $43.2M (revenue -50.2% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.3M, and assets of $42.5M (revenue +62.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $979K, and assets of $39.5M (revenue +1.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $38.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Planning And Art Resources For Communities Inc:
Data Sources and Methodology
This transparency report for Planning And Art Resources For Communities 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.