Posnack Family Foundation Of Hollywood
EIN: 592484512 · Providence, RI
| Metric | Value |
|---|---|
| Total Revenue | $767K |
| Total Expenses | $916K |
| Net Assets | $15K |
Is Posnack Family Foundation Of Hollywood Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Posnack Family Foundation Of Hollywood
Posnack Family Foundation Of Hollywood (EIN: 592484512) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $767K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Posnack Family Foundation Of Hollywood's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Posnack Family Foundation Of Hollywood is a small nonprofit that has been operating for 41 years, with 6 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $916K |
| Surplus / Deficit | $-801,767 |
| Total Assets | $15K |
| Total Liabilities | $1 |
| Net Assets | $15K |
| Operating Margin | -699.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2020, Posnack Family Foundation Of Hollywood reported a deficit of $802K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2012–2020), Posnack Family Foundation Of Hollywood's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +225.0% | +3140.4% | -98.6% |
| 2016 | -57.3% | -86.7% | +0.7% |
| 2015 | +18.9% | -1.4% | -10.7% |
| 2014 | -44.8% | -27.1% | -10.7% |
| 2013 | -29.7% | -25.9% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Posnack Family Foundation Of Hollywood 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 Posnack Family Foundation Of Hollywood 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $802K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Posnack Family Foundation Of Hollywood
Is Posnack Family Foundation Of Hollywood a legitimate charity?
Posnack Family Foundation Of Hollywood (EIN: 592484512) is a registered tax-exempt nonprofit based in Rhode Island. It has 6 years of IRS 990 filings on record. Total revenue: $767K. No red flags identified. Financial health grade: C.
How does Posnack Family Foundation Of Hollywood spend its money?
Posnack Family Foundation Of Hollywood reported $767K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Posnack Family Foundation Of Hollywood tax-deductible?
Posnack Family Foundation Of Hollywood is registered as a tax-exempt nonprofit (EIN: 592484512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Posnack Family Foundation Of Hollywood located?
Posnack Family Foundation Of Hollywood is headquartered in Providence, Rhode Island and files with the IRS under EIN 592484512.
How many years of IRS 990 filings does Posnack Family Foundation Of Hollywood have?
Posnack Family Foundation Of Hollywood has 6 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 $767K in total revenue.
Filing History
IRS 990 filing history for Posnack Family Foundation Of Hollywood showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2020), Posnack Family Foundation Of Hollywood's revenue has declined by 35.9%, moving from $179K to $115K. Total assets decreased by 99% over the same period, from $1.5M to $15K. Total functional expenses rose by 130.2%, from $398K to $916K. In its most recent filing year (2020), Posnack Family Foundation Of Hollywood reported a deficit of $802K, with expenses exceeding revenue. The organization holds $1 in liabilities against $15K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $115K | $916K | $15K | $1 | — | View 990 |
| 2016 | $35K | $28K | $1.1M | $0 | — | View 990 |
| 2015 | $83K | $212K | $1.1M | $1 | — | View 990 |
| 2014 | $69K | $215K | $1.2M | $0 | — | View 990 |
| 2013 | $126K | $295K | $1.4M | $0 | — | View 990 |
| 2012 | $179K | $398K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $115K, expenses of $916K, and assets of $15K (revenue +225.0% year-over-year).
- 2016: Revenue of $35K, expenses of $28K, and assets of $1.1M (revenue -57.3% year-over-year).
- 2015: Revenue of $83K, expenses of $212K, and assets of $1.1M (revenue +18.9% year-over-year).
- 2014: Revenue of $69K, expenses of $215K, and assets of $1.2M (revenue -44.8% year-over-year).
- 2013: Revenue of $126K, expenses of $295K, and assets of $1.4M (revenue -29.7% year-over-year).
- 2012: Revenue of $179K, expenses of $398K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Posnack Family Foundation Of Hollywood:
Data Sources and Methodology
This transparency report for Posnack Family Foundation Of Hollywood 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.