Plm Foundation
Plm Foundation shows recent financial stabilization after years of fluctuating revenue and significant deficits.
EIN: 137105558 · New York, NY · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| Net Assets | $2.0M |
| Transparency Score | 70/100 |
Is Plm Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plm Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plm Foundation
Plm Foundation (EIN: 137105558) is a nonprofit organization based in New York, NY, classified under NTEE code T20J. The organization reported total revenue of $2.3M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plm Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plm Foundation is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$161K |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Plm Foundation reported a surplus of $161K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Plm Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | -38.6% | +1.8% |
| 2022 | +315.7% | +11.2% | -38.8% |
| 2021 | -84.2% | -3.5% | -44.7% |
| 2020 | -53.3% | +9.1% | +2.1% |
| 2019 | +92.6% | -30.9% | +197.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Plm Foundation with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Plm Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $161K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either that no officers receive compensation or that it is not a significant financial outlay for the organization relative to its size and revenue, which is a positive sign for donor confidence.
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 Plm Foundation's IRS 990 filings:
- Significant historical deficits where expenses far exceeded revenue (e.g., 2022, 2021, 2015, 2014, 2013, 2012, 2011).
- Substantial decline in total assets from $11,818,127 in 2011 to $2,034,689 in 2023, indicating potential long-term financial strain or strategic asset utilization.
- Fluctuating revenue streams, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Plm Foundation:
- Consistent reporting of 0% officer compensation, indicating transparency or efficient use of funds in this area.
- Recent financial period (2023) shows a surplus with revenue exceeding expenses ($2,382,871 vs. $2,221,374).
- Generally low reported liabilities across most filing periods, including the most recent.
Frequently Asked Questions about Plm Foundation
Is Plm Foundation a legitimate charity?
Plm Foundation (EIN: 137105558) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.3M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Plm Foundation spend its money?
Plm Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Plm Foundation tax-deductible?
Plm Foundation is registered as a tax-exempt nonprofit (EIN: 137105558). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plm Foundation's spending goes to programs?
Plm Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Plm Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Plm Foundation is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Plm Foundation located?
Plm Foundation is headquartered in New York, New York and files with the IRS under EIN 137105558. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Plm Foundation have?
Plm Foundation 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 $2.3M in total revenue.
What caused the significant decrease in assets from $11,818,127 in 2011 to $2,034,689 in 2023?
The filings show a consistent decline in assets over this period, often coinciding with years where expenses significantly exceeded revenue, suggesting asset utilization or depletion to cover operational costs.
What is the detailed breakdown of expenses into program, administrative, and fundraising categories?
The provided data does not offer this level of detail, making it difficult to fully assess spending efficiency beyond the overall revenue and expense figures.
How does Plm Foundation sustain operations during years with significant deficits, such as 2022 where expenses were $3,618,068 against revenue of $2,292,295?
Deficits in certain years suggest the organization either drew from reserves (assets), received delayed funding, or incurred debt, though liabilities are often reported as minimal or zero.
Filing History
IRS 990 filing history for Plm Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Plm Foundation's revenue has declined by 16.3%, moving from $2.8M to $2.4M. Total assets decreased by 82.8% over the same period, from $11.8M to $2.0M. Total functional expenses fell by 76.6%, from $9.5M to $2.2M. In its most recent filing year (2023), Plm Foundation reported a surplus of $161K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $2.0M | $1 | — | View 990 |
| 2022 | $2.3M | $3.6M | $2.0M | $126K | — | View 990 |
| 2021 | $551K | $3.3M | $3.3M | $65K | — | View 990 |
| 2020 | $3.5M | $3.4M | $5.9M | $1 | — | View 990 |
| 2019 | $7.5M | $3.1M | $5.8M | $0 | — | View 990 |
| 2015 | $3.9M | $4.5M | $1.9M | $4K | — | View 990 |
| 2014 | $3.8M | $6.0M | $2.5M | $0 | — | View 990 |
| 2013 | $2.9M | $6.5M | $4.7M | $0 | — | View 990 |
| 2012 | $2.9M | $6.4M | $8.3M | $0 | — | View 990 |
| 2011 | $2.8M | $9.5M | $11.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $2.0M (revenue +4.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $3.6M, and assets of $2.0M (revenue +315.7% year-over-year).
- 2021: Revenue of $551K, expenses of $3.3M, and assets of $3.3M (revenue -84.2% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.4M, and assets of $5.9M (revenue -53.3% year-over-year).
- 2019: Revenue of $7.5M, expenses of $3.1M, and assets of $5.8M (revenue +92.6% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.5M, and assets of $1.9M (revenue +2.8% year-over-year).
- 2014: Revenue of $3.8M, expenses of $6.0M, and assets of $2.5M (revenue +29.6% year-over-year).
- 2013: Revenue of $2.9M, expenses of $6.5M, and assets of $4.7M (revenue +0.6% year-over-year).
- 2012: Revenue of $2.9M, expenses of $6.4M, and assets of $8.3M (revenue +1.7% year-over-year).
- 2011: Revenue of $2.8M, expenses of $9.5M, and assets of $11.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plm Foundation:
Data Sources and Methodology
This transparency report for Plm Foundation 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.