Plastics Industry Association Inc
Plastics Industry Association shows volatile finances with recent liabilities exceeding assets and no reported officer compensation.
EIN: 131325282 · Washington, DC · Updated: 2026-03-28
Is Plastics Industry Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plastics Industry Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Plastics Industry Association Inc
Plastics Industry Association Inc (EIN: 131325282) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $91.2M and total assets of $39.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plastics Industry Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plastics Industry Association Inc is a major nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $20.4M |
| Surplus / Deficit | $-8,823,039 |
| Total Assets | $52.8M |
| Total Liabilities | $54.1M |
| Net Assets | $-1,275,815 |
| Operating Margin | -76.1% |
| Debt-to-Asset Ratio | 102.4% |
| Months of Reserves | 31.1 months |
Financial Health Grade: C
In 2023, Plastics Industry Association Inc reported a deficit of $8.8M with expenses exceeding revenue, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 102.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plastics Industry Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.6% | +12.7% | +33.3% |
| 2022 | +175.0% | +8.6% | +105.8% |
| 2021 | +31.4% | -3.2% | -14.7% |
| 2020 | -17.2% | -12.7% | +22.4% |
| 2019 | -32.4% | -21.2% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1941 |
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 Plastics Industry Association Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Plastics Industry Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is highly unusual for an organization with annual revenues frequently in the tens of millions. This suggests either that executive compensation is not categorized under 'Officer Comp' in the provided data or that it is genuinely zero, which would be an outlier for an organization of this scale.
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 Plastics Industry Association Inc's IRS 990 filings:
- Liabilities exceeding assets in 2023 ($54,111,230 vs $52,835,415), indicating potential solvency issues.
- Consistent reporting of 0% officer compensation, which is highly unusual and raises transparency questions.
- Significant year-over-year financial volatility, with large deficits in multiple years (e.g., 2023, 2021, 2020, 2019, 2018, 2016, 2015).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Plastics Industry Association Inc:
- Ability to generate substantial revenue in peak years (e.g., $33.7M in 2022, $39.6M in 2017).
- Consistent filing of IRS 990s, indicating adherence to reporting requirements.
- Significant asset base in certain years, reaching over $52M in 2023.
Frequently Asked Questions about Plastics Industry Association Inc
Is Plastics Industry Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Plastics Industry Association Inc (EIN: 131325282) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Plastics Industry Association Inc spend its money?
Plastics Industry Association Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plastics Industry Association Inc tax-deductible?
Plastics Industry Association Inc is registered as a tax-exempt nonprofit (EIN: 131325282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Plastics Industry Association Inc. financially stable?
The organization's financial stability is questionable, particularly in 2023, where liabilities ($54,111,230) exceeded assets ($52,835,415). While it has periods of strong revenue, the significant deficits and high liabilities in certain years indicate volatility and potential solvency concerns.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size. It suggests that either executive compensation is not captured in this specific data point, or there's an alternative compensation structure, or it's genuinely zero, which would require further investigation for clarity.
How does the organization manage its large fluctuations in revenue and expenses?
The organization experiences significant swings in revenue and expenses, likely due to event-driven income. Managing these fluctuations would require robust financial planning and reserves, though the recent high liabilities suggest potential challenges in this area.
What is the primary driver of the organization's revenue spikes?
Based on the filing history, the large revenue spikes (e.g., $39.6M in 2017, $33.7M in 2022) suggest that the organization's revenue is heavily influenced by cyclical events, possibly trade shows or major industry conferences, which generate substantial income in specific years.
Filing History
IRS 990 filing history for Plastics Industry Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plastics Industry Association Inc's revenue has grown by 132%, moving from $5.0M to $11.6M. Total assets increased by 352.9% over the same period, from $11.7M to $52.8M. Total functional expenses rose by 77.9%, from $11.5M to $20.4M. In its most recent filing year (2023), Plastics Industry Association Inc reported a deficit of $8.8M, with expenses exceeding revenue. The organization holds $54.1M in liabilities against $52.8M in assets (debt-to-asset ratio: 102.4%), resulting in net assets of $-1,275,815.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $20.4M | $52.8M | $54.1M | — | — |
| 2022 | $33.7M | $18.1M | $39.6M | $33.4M | — | View 990 |
| 2021 | $12.3M | $16.7M | $19.3M | $25.2M | — | View 990 |
| 2020 | $9.3M | $17.2M | $22.6M | $24.0M | — | View 990 |
| 2019 | $11.3M | $19.7M | $18.4M | $14.3M | — | — |
| 2018 | $16.7M | $25.1M | $17.7M | $6.7M | — | View 990 |
| 2017 | $39.6M | $20.3M | $28.4M | $7.9M | — | View 990 |
| 2016 | $11.4M | $18.8M | $12.7M | $12.2M | — | View 990 |
| 2015 | $16.0M | $21.9M | $13.3M | $5.8M | — | View 990 |
| 2014 | $32.7M | $20.8M | $21.2M | $7.7M | — | View 990 |
| 2013 | $13.2M | $15.0M | $7.2M | $5.5M | — | View 990 |
| 2012 | $32.3M | $16.8M | $7.0M | $3.6M | — | View 990 |
| 2011 | $5.0M | $11.5M | $11.7M | $23.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $20.4M, and assets of $52.8M (revenue -65.6% year-over-year).
- 2022: Revenue of $33.7M, expenses of $18.1M, and assets of $39.6M (revenue +175.0% year-over-year).
- 2021: Revenue of $12.3M, expenses of $16.7M, and assets of $19.3M (revenue +31.4% year-over-year).
- 2020: Revenue of $9.3M, expenses of $17.2M, and assets of $22.6M (revenue -17.2% year-over-year).
- 2019: Revenue of $11.3M, expenses of $19.7M, and assets of $18.4M (revenue -32.4% year-over-year).
- 2018: Revenue of $16.7M, expenses of $25.1M, and assets of $17.7M (revenue -57.9% year-over-year).
- 2017: Revenue of $39.6M, expenses of $20.3M, and assets of $28.4M (revenue +248.0% year-over-year).
- 2016: Revenue of $11.4M, expenses of $18.8M, and assets of $12.7M (revenue -28.7% year-over-year).
- 2015: Revenue of $16.0M, expenses of $21.9M, and assets of $13.3M (revenue -51.2% year-over-year).
- 2014: Revenue of $32.7M, expenses of $20.8M, and assets of $21.2M (revenue +146.9% year-over-year).
- 2013: Revenue of $13.2M, expenses of $15.0M, and assets of $7.2M (revenue -59.0% year-over-year).
- 2012: Revenue of $32.3M, expenses of $16.8M, and assets of $7.0M (revenue +546.7% year-over-year).
- 2011: Revenue of $5.0M, expenses of $11.5M, and assets of $11.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plastics Industry Association Inc:
Data Sources and Methodology
This transparency report for Plastics Industry Association 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.