Price Foundation
Price Foundation's assets have declined by nearly 50% over the last decade, with recent negative revenue.
EIN: 205227446 · Providence, RI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23K |
| Total Expenses | $20K |
| Program Spending | 80% |
| Net Assets | $190K |
| Transparency Score | 65/100 |
Is Price Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Price Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Price Foundation
Price Foundation (EIN: 205227446) is a nonprofit organization based in Providence, RI, classified under NTEE code T22. The organization reported total revenue of $23K and total assets of $184K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Price Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Price Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2024).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -112.8% | +35.3% | -10.2% |
| 2023 | +18.7% | -34.0% | -2.5% |
| 2022 | -55.7% | -5.9% | -6.3% |
| 2021 | +565.9% | +109.6% | -2.5% |
| 2020 | -91.0% | -55.4% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Price Foundation with a Mission Score of 65 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Price Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not paid or are compensated through other means not reflected here, which is highly favorable for a small organization of this size.
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 Price Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade (from $359,057 in 2011 to $183,663 in 2024).
- Multiple years with negative net revenue (expenses exceeding revenue), including $-1,221 revenue in 2024 against $20,274 expenses.
- Small and fluctuating revenue streams, making long-term planning and consistent grantmaking challenging.
Strengths
The following positive indicators were identified for Price Foundation:
- Zero officer compensation reported across all filings, indicating very low executive overhead.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
- Very low liabilities ($1 reported consistently), suggesting a healthy balance sheet in terms of debt.
Frequently Asked Questions about Price Foundation
Is Price Foundation a legitimate charity?
Price Foundation (EIN: 205227446) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $23K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Price Foundation spend its money?
Price Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Price Foundation tax-deductible?
Price Foundation is registered as a tax-exempt nonprofit (EIN: 205227446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Price Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Price Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Price Foundation located?
Price Foundation is headquartered in Providence, Rhode Island and files with the IRS under EIN 205227446. It is classified under NTEE code T22.
How many years of IRS 990 filings does Price Foundation have?
Price 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 $23K in total revenue.
What is the Price Foundation's long-term financial strategy given the consistent decline in assets?
The provided data shows a steady decrease in assets from $359,057 in 2011 to $183,663 currently, and several years with expenses exceeding revenue. This suggests the foundation may be spending down its endowment or struggling to generate sufficient investment returns/donations to cover its grantmaking and operational costs.
What specific programs or grants does the Price Foundation support?
The provided IRS 990 summary data does not detail specific programs or grants. As a private grantmaking foundation (NTEE T22), its primary 'program' activity would be issuing grants, but the recipients and focus areas are not disclosed in this summary.
Why did the Price Foundation report negative revenue in 2024?
In 2024, the foundation reported revenue of $-1,221. This could be due to investment losses exceeding any income, or significant returns/refunds of prior period revenue, indicating a challenging financial year.
Filing History
IRS 990 filing history for Price Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), Price Foundation's revenue has declined by 112.7%, moving from $10K to $-1,221. Total assets decreased by 47% over the same period, from $359K to $190K. Total functional expenses fell by 21.7%, from $26K to $20K. The organization holds $1 in liabilities against $190K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $-1,221 | $20K | $190K | $1 | — | — |
| 2023 | $10K | $15K | $212K | $1 | — | View 990 |
| 2022 | $8K | $23K | $217K | $1 | — | — |
| 2021 | $18K | $24K | $232K | $1 | — | View 990 |
| 2020 | $3K | $12K | $238K | $1 | — | — |
| 2015 | $30K | $26K | $291K | $1 | — | View 990 |
| 2014 | $21K | $47K | $286K | $1 | — | View 990 |
| 2013 | $22K | $38K | $312K | $1 | — | View 990 |
| 2012 | $10K | $41K | $328K | $1 | — | View 990 |
| 2011 | $10K | $26K | $359K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $-1,221, expenses of $20K, and assets of $190K (revenue -112.8% year-over-year).
- 2023: Revenue of $10K, expenses of $15K, and assets of $212K (revenue +18.7% year-over-year).
- 2022: Revenue of $8K, expenses of $23K, and assets of $217K (revenue -55.7% year-over-year).
- 2021: Revenue of $18K, expenses of $24K, and assets of $232K (revenue +565.9% year-over-year).
- 2020: Revenue of $3K, expenses of $12K, and assets of $238K (revenue -91.0% year-over-year).
- 2015: Revenue of $30K, expenses of $26K, and assets of $291K (revenue +44.8% year-over-year).
- 2014: Revenue of $21K, expenses of $47K, and assets of $286K (revenue -5.1% year-over-year).
- 2013: Revenue of $22K, expenses of $38K, and assets of $312K (revenue +121.5% year-over-year).
- 2012: Revenue of $10K, expenses of $41K, and assets of $328K (revenue +2.6% year-over-year).
- 2011: Revenue of $10K, expenses of $26K, and assets of $359K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Price Foundation:
Data Sources and Methodology
This transparency report for Price 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.