Project Play School Incorporated
Project Play School Incorporated experiences significant asset decline and operating deficit in latest fiscal year.
EIN: 202466103 · Philadelphia, PA · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $697K |
| Total Expenses | $633K |
| Program Spending | 80% |
| Net Assets | $29K |
| Transparency Score | 70/100 |
Is Project Play School Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Play School Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Play School Incorporated
Project Play School Incorporated (EIN: 202466103) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code P30. The organization reported total revenue of $697K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Play School Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Play School Incorporated is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $542K |
| Total Expenses | $633K |
| Surplus / Deficit | $-91,192 |
| Total Assets | $29K |
| Net Assets | $29K |
| Operating Margin | -16.8% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Project Play School Incorporated reported a deficit of $91K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Project Play School Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | +15.2% | -76.0% |
| 2022 | +580.8% | +381.2% | +1.5% |
| 2021 | -80.3% | -76.0% | -14.6% |
| 2020 | +21.4% | +25.0% | +268.1% |
| 2019 | +9.0% | -1.9% | +46.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Project Play School Incorporated 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Project Play School Incorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $91K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly efficient for an organization of its 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 Project Play School Incorporated's IRS 990 filings:
- Operating deficit in latest fiscal year ($91,192 in 202306)
- Significant decline in assets from $119,981 in 202206 to $28,790 in 202306
- Inconsistent revenue and expense patterns over the past decade
- Low asset base relative to annual expenses ($28,790 assets vs. $632,877 expenses in 202306)
Strengths
The following positive indicators were identified for Project Play School Incorporated:
- Consistent 0% officer compensation reported across all filings
- Long history of IRS 990 filings (13 filings), indicating transparency
- No reported liabilities in most recent filings (202306, 202206, 201906, 201806, 201706, 201606, 201506, 201406)
- Demonstrated ability to generate significant revenue in some periods (e.g., $639,223 in 202206)
Frequently Asked Questions about Project Play School Incorporated
Is Project Play School Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Play School Incorporated (EIN: 202466103) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Project Play School Incorporated spend its money?
Project Play School Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Play School Incorporated tax-deductible?
Project Play School Incorporated is registered as a tax-exempt nonprofit (EIN: 202466103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Project Play School Incorporated's spending goes to programs?
Project Play School Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Project Play School Incorporated compare to similar nonprofits?
With a transparency score of 70/100 (Good), Project Play School Incorporated is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Project Play School Incorporated located?
Project Play School Incorporated is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 202466103. It is classified under NTEE code P30.
How many years of IRS 990 filings does Project Play School Incorporated have?
Project Play School Incorporated has 13 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 $697K in total revenue.
Is Project Play School Incorporated financially stable?
The organization's financial stability is questionable given the operating deficit of $91,192 in 202306 (Expenses $632,877 vs. Revenue $541,685) and the substantial decrease in assets from $119,981 in 202206 to $28,790 in 202306.
How does Project Play School Incorporated manage its executive compensation?
Project Play School Incorporated consistently reports 0% officer compensation across all 13 available filings, suggesting a volunteer-led executive team or compensation structured outside of typical officer reporting.
What caused the significant drop in assets in the latest fiscal year?
The provided data does not specify the exact cause, but the $91,192 operating deficit in 202306 (Expenses $632,877 vs. Revenue $541,685) is a primary factor contributing to the asset reduction from $119,981 to $28,790.
Is the organization transparent with its financial reporting?
Yes, the organization has a strong history of transparency, with 13 IRS 990 filings available, indicating consistent reporting of its financial activities.
What is the trend in Project Play School Incorporated's revenue?
Revenue has fluctuated significantly, from a low of $70,642 in 201406 to a high of $639,223 in 202206, and then decreased to $541,685 in 202306, showing an inconsistent growth pattern.
Filing History
IRS 990 filing history for Project Play School Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Play School Incorporated's revenue has grown by 646.1%, moving from $73K to $542K. Total assets increased by 206.9% over the same period, from $9K to $29K. Total functional expenses rose by 801.9%, from $70K to $633K. In its most recent filing year (2023), Project Play School Incorporated reported a deficit of $91K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $542K | $633K | $29K | $0 | — | View 990 |
| 2022 | $639K | $549K | $120K | $0 | — | View 990 |
| 2021 | $94K | $114K | $118K | $100K | — | View 990 |
| 2020 | $477K | $477K | $139K | $100K | — | — |
| 2019 | $393K | $381K | $38K | $0 | — | View 990 |
| 2018 | $361K | $389K | $26K | $0 | — | View 990 |
| 2017 | $290K | $273K | $54K | $0 | — | View 990 |
| 2016 | $132K | $97K | $38K | $0 | — | View 990 |
| 2015 | $75K | $89K | $2K | $0 | — | View 990 |
| 2014 | $71K | $73K | $16K | $0 | — | View 990 |
| 2013 | $101K | $93K | $18K | $0 | — | View 990 |
| 2012 | $91K | $89K | $11K | $0 | — | View 990 |
| 2011 | $73K | $70K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $542K, expenses of $633K, and assets of $29K (revenue -15.3% year-over-year).
- 2022: Revenue of $639K, expenses of $549K, and assets of $120K (revenue +580.8% year-over-year).
- 2021: Revenue of $94K, expenses of $114K, and assets of $118K (revenue -80.3% year-over-year).
- 2020: Revenue of $477K, expenses of $477K, and assets of $139K (revenue +21.4% year-over-year).
- 2019: Revenue of $393K, expenses of $381K, and assets of $38K (revenue +9.0% year-over-year).
- 2018: Revenue of $361K, expenses of $389K, and assets of $26K (revenue +24.6% year-over-year).
- 2017: Revenue of $290K, expenses of $273K, and assets of $54K (revenue +119.1% year-over-year).
- 2016: Revenue of $132K, expenses of $97K, and assets of $38K (revenue +76.0% year-over-year).
- 2015: Revenue of $75K, expenses of $89K, and assets of $2K (revenue +6.3% year-over-year).
- 2014: Revenue of $71K, expenses of $73K, and assets of $16K (revenue -29.8% year-over-year).
- 2013: Revenue of $101K, expenses of $93K, and assets of $18K (revenue +10.9% year-over-year).
- 2012: Revenue of $91K, expenses of $89K, and assets of $11K (revenue +24.9% year-over-year).
- 2011: Revenue of $73K, expenses of $70K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Play School Incorporated:
Data Sources and Methodology
This transparency report for Project Play School 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.