Plast Foundation Inc
Plast Foundation Inc shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 136266441 · West Windsor, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $363K |
| Total Expenses | $134K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Plast Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plast Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plast Foundation Inc
Plast Foundation Inc (EIN: 136266441) is a nonprofit organization based in West Windsor, NJ. The organization reported total revenue of $363K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plast Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plast Foundation Inc is a small nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $134K |
| Surplus / Deficit | +$45K |
| Total Assets | $1.2M |
| Total Liabilities | $15K |
| Net Assets | $1.2M |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 111.4 months |
Financial Health Grade: A
In 2023, Plast Foundation Inc reported a surplus of $45K with revenue exceeding expenses, holds 111.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plast Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.8% | +52.3% | +3.8% |
| 2022 | -30.2% | -2.4% | +1.7% |
| 2020 | -107.2% | -78.4% | -3.9% |
| 2019 | -0.8% | +21.1% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
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 Plast Foundation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Plast Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer means, which is a strong positive for financial efficiency.
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 Plast Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare the organization's mission and activities.
Strengths
The following positive indicators were identified for Plast Foundation Inc:
- Consistent asset growth, from $814,698 in 2014 to $1,241,062 in 2023, demonstrating strong financial management.
- Zero reported officer compensation across all available filings, indicating high efficiency and dedication of resources to the mission.
- Low and stable liabilities ($14,800) over many years, suggesting sound financial health and minimal debt.
- Expenses consistently lower than revenue, allowing for accumulation of reserves and financial stability.
- Long history of IRS 990 filings (13 filings), indicating a commitment to transparency and compliance.
Frequently Asked Questions about Plast Foundation Inc
Is Plast Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Plast Foundation Inc (EIN: 136266441) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Plast Foundation Inc spend its money?
Plast Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plast Foundation Inc tax-deductible?
Plast Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136266441). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plast Foundation Inc's spending goes to programs?
Plast Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Plast Foundation Inc located?
Plast Foundation Inc is headquartered in West Windsor, New Jersey and files with the IRS under EIN 136266441.
How many years of IRS 990 filings does Plast Foundation Inc have?
Plast Foundation Inc 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 $363K in total revenue.
How does Plast Foundation Inc achieve its mission with zero reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based, or compensated through mechanisms not categorized as 'officer compensation' on the 990 form, allowing more funds to be directed to programs.
What are the specific programs Plast Foundation Inc funds?
The provided data does not detail specific programs. Further investigation into their public mission statement or annual reports would be necessary to understand their programmatic activities.
How does the organization manage to grow assets consistently despite fluctuating revenues?
Plast Foundation Inc consistently keeps expenses below revenue, as seen in 2023 ($179,083 revenue vs. $133,653 expenses) and 2022 ($107,996 revenue vs. $87,739 expenses), allowing them to accumulate reserves and grow assets over time.
Filing History
IRS 990 filing history for Plast Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plast Foundation Inc's revenue has grown by 43.5%, moving from $125K to $179K. Total assets increased by 39% over the same period, from $893K to $1.2M. Total functional expenses rose by 6.2%, from $126K to $134K. In its most recent filing year (2023), Plast Foundation Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $15K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $134K | $1.2M | $15K | — | — |
| 2022 | $108K | $88K | $1.2M | $15K | — | View 990 |
| 2021 | $155K | $90K | $1.2M | $15K | — | View 990 |
| 2020 | $-14,009 | $31K | $1.1M | $15K | — | View 990 |
| 2019 | $193K | $143K | $1.2M | $15K | — | View 990 |
| 2018 | $195K | $118K | $1.1M | $15K | — | — |
| 2017 | $187K | $120K | $1.0M | $15K | — | View 990 |
| 2016 | $230K | $129K | $963K | $15K | — | View 990 |
| 2015 | $205K | $157K | $862K | $15K | — | View 990 |
| 2014 | $145K | $111K | $815K | $15K | — | View 990 |
| 2013 | $86K | $107K | $781K | $15K | — | View 990 |
| 2012 | $51K | $142K | $801K | $15K | — | View 990 |
| 2011 | $125K | $126K | $893K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $134K, and assets of $1.2M (revenue +65.8% year-over-year).
- 2022: Revenue of $108K, expenses of $88K, and assets of $1.2M (revenue -30.2% year-over-year).
- 2021: Revenue of $155K, expenses of $90K, and assets of $1.2M.
- 2020: Revenue of $-14,009, expenses of $31K, and assets of $1.1M (revenue -107.2% year-over-year).
- 2019: Revenue of $193K, expenses of $143K, and assets of $1.2M (revenue -0.8% year-over-year).
- 2018: Revenue of $195K, expenses of $118K, and assets of $1.1M (revenue +4.3% year-over-year).
- 2017: Revenue of $187K, expenses of $120K, and assets of $1.0M (revenue -18.7% year-over-year).
- 2016: Revenue of $230K, expenses of $129K, and assets of $963K (revenue +12.2% year-over-year).
- 2015: Revenue of $205K, expenses of $157K, and assets of $862K (revenue +41.5% year-over-year).
- 2014: Revenue of $145K, expenses of $111K, and assets of $815K (revenue +67.9% year-over-year).
- 2013: Revenue of $86K, expenses of $107K, and assets of $781K (revenue +69.5% year-over-year).
- 2012: Revenue of $51K, expenses of $142K, and assets of $801K (revenue -59.3% year-over-year).
- 2011: Revenue of $125K, expenses of $126K, and assets of $893K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plast Foundation Inc:
Data Sources and Methodology
This transparency report for Plast 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.