Pratt Area Community Council Inc
Pratt Area Community Council faces recent deficits and increasing liabilities despite consistent revenue.
EIN: 112451752 · Brooklyn, NY · NTEE: L80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $6.0M |
| Program Spending | 85% |
| Net Assets | $-594,741 |
| Transparency Score | 70/100 |
Is Pratt Area Community Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pratt Area Community Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pratt Area Community Council Inc
Pratt Area Community Council Inc (EIN: 112451752) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L80Z. The organization reported total revenue of $4.9M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pratt Area Community Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pratt Area Community Council Inc is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-2,014,349 |
| Total Assets | $5.7M |
| Total Liabilities | $6.3M |
| Net Assets | $-594,741 |
| Operating Margin | -51.0% |
| Debt-to-Asset Ratio | 110.5% |
| Months of Reserves | 11.4 months |
Financial Health Grade: C
In 2023, Pratt Area Community Council Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 110.5% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Pratt Area Community Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +26.4% | -43.8% |
| 2022 | -34.7% | +0.5% | -4.3% |
| 2021 | +7.4% | +11.4% | +25.4% |
| 2020 | +10.1% | -7.6% | +28.3% |
| 2019 | -2.5% | +0.6% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Pratt Area Community Council Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Pratt Area Community Council 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 deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 110.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with annual revenues consistently in the millions.
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 Pratt Area Community Council Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023, 2022)
- Liabilities ($6,276,508) exceeding assets ($5,681,767) in 2023
- Significant fluctuations in net assets over the past few years
- Unusually low (0%) reported officer compensation for a multi-million dollar organization
Strengths
The following positive indicators were identified for Pratt Area Community Council Inc:
- Consistent multi-million dollar revenue generation over a decade
- Excellent transparency regarding officer compensation (0% reported)
- Long operating history with 14 IRS 990 filings
- Significant asset base, though recently declining
Frequently Asked Questions about Pratt Area Community Council Inc
Is Pratt Area Community Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pratt Area Community Council Inc (EIN: 112451752) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Pratt Area Community Council Inc spend its money?
Pratt Area Community Council Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pratt Area Community Council Inc tax-deductible?
Pratt Area Community Council Inc is registered as a tax-exempt nonprofit (EIN: 112451752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pratt Area Community Council Inc's spending goes to programs?
Pratt Area Community Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pratt Area Community Council Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Pratt Area Community Council Inc is above average for NTEE category L80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pratt Area Community Council Inc located?
Pratt Area Community Council Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112451752. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does Pratt Area Community Council Inc have?
Pratt Area Community Council Inc has 14 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 $4.9M in total revenue.
Why have expenses exceeded revenue in recent years (e.g., 2023, 2022)?
In fiscal year 2023, expenses were $5,961,287 against revenues of $3,946,938, and in 2022, expenses were $4,717,825 against revenues of $3,597,570. This consistent deficit spending suggests the organization is either drawing down reserves, incurring debt, or experiencing temporary funding gaps.
What caused the significant increase in liabilities in 2023 to $6,276,508, exceeding assets?
Liabilities increased substantially in 2023, surpassing assets. This could be due to new loans, deferred revenue, or increased accounts payable, and warrants further investigation into the organization's financial obligations and solvency.
How does Pratt Area Community Council Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with multi-million dollar revenues. This could indicate that executive leadership is compensated through other means not classified as 'officer compensation' on the 990, or that leadership is entirely volunteer-based, which would be a significant strength in terms of efficiency.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how the organization allocates its expenses across programs, administration, and fundraising. This information is crucial for a complete assessment of spending efficiency.
Filing History
IRS 990 filing history for Pratt Area Community Council Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Pratt Area Community Council Inc's revenue has grown by 25.6%, moving from $3.1M to $3.9M. Total assets increased by 10.8% over the same period, from $5.1M to $5.7M. Total functional expenses rose by 76.8%, from $3.4M to $6.0M. In its most recent filing year (2023), Pratt Area Community Council Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $6.3M in liabilities against $5.7M in assets (debt-to-asset ratio: 110.5%), resulting in net assets of $-594,741.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $6.0M | $5.7M | $6.3M | — | — |
| 2022 | $3.6M | $4.7M | $10.1M | $8.7M | — | View 990 |
| 2021 | $5.5M | $4.7M | $10.6M | $4.8M | — | — |
| 2020 | $5.1M | $4.2M | $8.4M | $3.4M | — | View 990 |
| 2019 | $4.7M | $4.6M | $6.6M | $2.5M | — | View 990 |
| 2018 | $4.8M | $4.5M | $6.1M | $2.1M | — | View 990 |
| 2017 | $4.9M | $4.4M | $5.7M | $1.9M | — | View 990 |
| 2016 | $3.5M | $4.0M | $5.1M | $1.8M | — | View 990 |
| 2015 | $6.7M | $5.5M | $5.1M | $1.5M | — | View 990 |
| 2014 | $5.4M | $5.1M | $3.9M | $1.5M | — | View 990 |
| 2013 | $5.6M | $5.3M | $3.8M | $1.7M | — | View 990 |
| 2012 | $4.8M | $5.7M | $3.7M | $1.9M | — | View 990 |
| 2011 | $3.5M | $3.7M | $5.2M | $1.4M | — | View 990 |
| 2010 | $3.1M | $3.4M | $5.1M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $6.0M, and assets of $5.7M (revenue +9.7% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.7M, and assets of $10.1M (revenue -34.7% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.7M, and assets of $10.6M (revenue +7.4% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.2M, and assets of $8.4M (revenue +10.1% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.6M, and assets of $6.6M (revenue -2.5% year-over-year).
- 2018: Revenue of $4.8M, expenses of $4.5M, and assets of $6.1M (revenue -2.8% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.4M, and assets of $5.7M (revenue +39.1% year-over-year).
- 2016: Revenue of $3.5M, expenses of $4.0M, and assets of $5.1M (revenue -47.0% year-over-year).
- 2015: Revenue of $6.7M, expenses of $5.5M, and assets of $5.1M (revenue +23.2% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.1M, and assets of $3.9M (revenue -3.0% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.3M, and assets of $3.8M (revenue +17.4% year-over-year).
- 2012: Revenue of $4.8M, expenses of $5.7M, and assets of $3.7M (revenue +36.7% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.7M, and assets of $5.2M (revenue +10.9% year-over-year).
- 2010: Revenue of $3.1M, expenses of $3.4M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pratt Area Community Council Inc:
Data Sources and Methodology
This transparency report for Pratt Area Community Council 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.