Portrait Society Of America Inc
EIN: 593515141 · Tallahassee, FL · NTEE: A400
| Metric | Value |
|---|---|
| Total Revenue | $951K |
| Total Expenses | $746K |
| Net Assets | $555K |
Is Portrait Society Of America Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Portrait Society Of America Inc
Portrait Society Of America Inc (EIN: 593515141) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code A400. The organization reported total revenue of $951K and total assets of $813K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portrait Society Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portrait Society Of America Inc is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $870K |
| Total Expenses | $746K |
| Surplus / Deficit | +$125K |
| Total Assets | $681K |
| Total Liabilities | $126K |
| Net Assets | $555K |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2022, Portrait Society Of America Inc reported a surplus of $125K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Portrait Society Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +47.2% | +27.0% | +20.7% |
| 2021 | -6.5% | +0.2% | -1.0% |
| 2020 | -11.7% | -16.9% | +24.4% |
| 2019 | -0.5% | -2.0% | +1.6% |
| 2018 | -12.9% | -7.0% | -8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Portrait Society Of America Inc 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 Portrait Society Of America Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $125K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Frequently Asked Questions about Portrait Society Of America Inc
Is Portrait Society Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Portrait Society Of America Inc (EIN: 593515141) insufficient data. 0 red flags identified, 0 strengths noted.
How does Portrait Society Of America Inc spend its money?
Detailed spending breakdown data is not yet available for Portrait Society Of America Inc. Check back for updated IRS 990 analysis.
Are donations to Portrait Society Of America Inc tax-deductible?
Portrait Society Of America Inc is registered as a tax-exempt nonprofit (EIN: 593515141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Portrait Society Of America Inc located?
Portrait Society Of America Inc is headquartered in Tallahassee, Florida and files with the IRS under EIN 593515141. It is classified under NTEE code A400.
How many years of IRS 990 filings does Portrait Society Of America Inc have?
Portrait Society Of America Inc has 12 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 $951K in total revenue.
Filing History
IRS 990 filing history for Portrait Society Of America Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Portrait Society Of America Inc's revenue has grown by 10.7%, moving from $786K to $870K. Total assets increased by 261.9% over the same period, from $188K to $681K. Total functional expenses rose by 6.1%, from $703K to $746K. In its most recent filing year (2022), Portrait Society Of America Inc reported a surplus of $125K, with revenue exceeding expenses. The organization holds $126K in liabilities against $681K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $555K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $870K | $746K | $681K | $126K | — | — |
| 2021 | $591K | $587K | $565K | $134K | — | View 990 |
| 2020 | $633K | $586K | $571K | $149K | — | — |
| 2019 | $717K | $705K | $459K | $84K | — | View 990 |
| 2018 | $721K | $719K | $451K | $89K | — | View 990 |
| 2017 | $827K | $773K | $495K | $134K | — | View 990 |
| 2016 | $737K | $718K | $406K | $98K | — | View 990 |
| 2015 | $728K | $676K | $289K | $0 | — | View 990 |
| 2014 | $715K | $668K | $237K | $0 | — | View 990 |
| 2013 | $635K | $633K | $190K | $0 | — | View 990 |
| 2012 | $644K | $644K | $189K | $1K | — | View 990 |
| 2011 | $786K | $703K | $188K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $870K, expenses of $746K, and assets of $681K (revenue +47.2% year-over-year).
- 2021: Revenue of $591K, expenses of $587K, and assets of $565K (revenue -6.5% year-over-year).
- 2020: Revenue of $633K, expenses of $586K, and assets of $571K (revenue -11.7% year-over-year).
- 2019: Revenue of $717K, expenses of $705K, and assets of $459K (revenue -0.5% year-over-year).
- 2018: Revenue of $721K, expenses of $719K, and assets of $451K (revenue -12.9% year-over-year).
- 2017: Revenue of $827K, expenses of $773K, and assets of $495K (revenue +12.3% year-over-year).
- 2016: Revenue of $737K, expenses of $718K, and assets of $406K (revenue +1.1% year-over-year).
- 2015: Revenue of $728K, expenses of $676K, and assets of $289K (revenue +1.9% year-over-year).
- 2014: Revenue of $715K, expenses of $668K, and assets of $237K (revenue +12.6% year-over-year).
- 2013: Revenue of $635K, expenses of $633K, and assets of $190K (revenue -1.3% year-over-year).
- 2012: Revenue of $644K, expenses of $644K, and assets of $189K (revenue -18.1% year-over-year).
- 2011: Revenue of $786K, expenses of $703K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portrait Society Of America Inc:
Data Sources and Methodology
This transparency report for Portrait Society Of America 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.