Preparing For The Future Incorporated
EIN: 352347892 · Parkersburg, WV · NTEE: N40
| Metric | Value |
|---|---|
| Total Expenses | $521 |
| Net Assets | $40K |
Is Preparing For The Future Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Preparing For The Future Incorporated
Preparing For The Future Incorporated (EIN: 352347892) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code N40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preparing For The Future Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preparing For The Future Incorporated is a micro nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $521 |
| Surplus / Deficit | +$31K |
| Total Assets | $40K |
| Net Assets | $40K |
| Operating Margin | 98.3% |
| Months of Reserves | 927.2 months |
Financial Health Grade: A
In 2021, Preparing For The Future Incorporated reported a surplus of $31K with revenue exceeding expenses, holds 927.2 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2010–2021), Preparing For The Future Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +9256.3% | +79.0% | +331.0% |
| 2020 | -72.0% | -49.8% | -11.3% |
| 2018 | -51.0% | — | +6.3% |
| 2017 | -33.8% | -100.0% | +32.8% |
| 2016 | -26.0% | +136.6% | -22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Preparing For The Future Incorporated 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 Preparing For The Future Incorporated 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Frequently Asked Questions about Preparing For The Future Incorporated
Is Preparing For The Future Incorporated a legitimate charity?
Preparing For The Future Incorporated (EIN: 352347892) is a registered tax-exempt nonprofit based in West Virginia. It has 11 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Preparing For The Future Incorporated spend its money?
Preparing For The Future Incorporated reported its financials in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Preparing For The Future Incorporated tax-deductible?
Preparing For The Future Incorporated is registered as a tax-exempt nonprofit (EIN: 352347892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Preparing For The Future Incorporated located?
Preparing For The Future Incorporated is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 352347892. It is classified under NTEE code N40.
How many years of IRS 990 filings does Preparing For The Future Incorporated have?
Preparing For The Future Incorporated has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Preparing For The Future Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2021), Preparing For The Future Incorporated's revenue has grown by 20.9%, moving from $26K to $31K. Total assets increased by 58.4% over the same period, from $25K to $40K. Total functional expenses fell by 92.5%, from $7K to $521. In its most recent filing year (2021), Preparing For The Future Incorporated reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $31K | $521 | $40K | $0 | — | — |
| 2020 | $336 | $291 | $9K | $0 | — | — |
| 2018 | $1K | $580 | $11K | $0 | — | View 990 |
| 2017 | $2K | $0 | $10K | $0 | — | View 990 |
| 2016 | $4K | $6K | $7K | $0 | — | View 990 |
| 2015 | $5K | $3K | $10K | $0 | — | View 990 |
| 2014 | $5K | $4K | $7K | $0 | — | View 990 |
| 2013 | $4K | $8K | $6K | $0 | — | View 990 |
| 2012 | $5K | $14K | $10K | $0 | — | View 990 |
| 2011 | $2K | $9K | $19K | $0 | — | View 990 |
| 2010 | $26K | $7K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $31K, expenses of $521, and assets of $40K (revenue +9256.3% year-over-year).
- 2020: Revenue of $336, expenses of $291, and assets of $9K (revenue -72.0% year-over-year).
- 2018: Revenue of $1K, expenses of $580, and assets of $11K (revenue -51.0% year-over-year).
- 2017: Revenue of $2K, expenses of $0, and assets of $10K (revenue -33.8% year-over-year).
- 2016: Revenue of $4K, expenses of $6K, and assets of $7K (revenue -26.0% year-over-year).
- 2015: Revenue of $5K, expenses of $3K, and assets of $10K (revenue -5.1% year-over-year).
- 2014: Revenue of $5K, expenses of $4K, and assets of $7K (revenue +30.0% year-over-year).
- 2013: Revenue of $4K, expenses of $8K, and assets of $6K (revenue -15.2% year-over-year).
- 2012: Revenue of $5K, expenses of $14K, and assets of $10K (revenue +105.4% year-over-year).
- 2011: Revenue of $2K, expenses of $9K, and assets of $19K (revenue -91.1% year-over-year).
- 2010: Revenue of $26K, expenses of $7K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preparing For The Future Incorporated:
Data Sources and Methodology
This transparency report for Preparing For The Future Incorporated 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.