Pseg Foundation Inc
Pseg Foundation Inc: Transparent Spending and Strong Mission Focus
EIN: 223125880 · Newark, NJ · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $9.2M |
| Program Spending | 65% |
| Net Assets | $33.9M |
| Transparency Score | 85/100 |
Is Pseg Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pseg Foundation Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Pseg Foundation Inc
Pseg Foundation Inc (EIN: 223125880) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $1.7M and total assets of $29.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pseg Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pseg Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $9.2M |
| Surplus / Deficit | $-6,994,659 |
| Total Assets | $37.0M |
| Total Liabilities | $3.2M |
| Net Assets | $33.9M |
| Operating Margin | -323.9% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 48.5 months |
Financial Health Grade: B
In 2023, Pseg Foundation Inc reported a deficit of $7.0M with expenses exceeding revenue, holds 48.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pseg Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +227.4% | +40.8% | -12.4% |
| 2022 | +742.2% | -1.8% | -15.3% |
| 2021 | -64.9% | -22.8% | +30.1% |
| 2020 | -97.9% | +6.4% | -17.2% |
| 2019 | -48.7% | -7.4% | +57.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Pseg Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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: 65%
- fundraising: 20%
According to IRS 990 filings, Pseg Foundation Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation remains at 0%, indicating a commitment to not using funds for personal gain.
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 Pseg Foundation Inc's IRS 990 filings:
- The foundation has maintained a consistent focus on program spending, which is a positive sign of mission alignment.
Strengths
The following positive indicators were identified for Pseg Foundation Inc:
- The foundation's commitment to not using funds for executive compensation is commendable.
Frequently Asked Questions about Pseg Foundation Inc
Is Pseg Foundation Inc a legitimate charity?
Pseg Foundation Inc (EIN: 223125880) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Pseg Foundation Inc spend its money?
Pseg Foundation Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Pseg Foundation Inc tax-deductible?
Pseg Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223125880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pseg Foundation Inc's spending goes to programs?
Pseg Foundation Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Pseg Foundation Inc located?
Pseg Foundation Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 223125880.
How many years of IRS 990 filings does Pseg Foundation Inc have?
Pseg Foundation Inc 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 $1.7M in total revenue.
What does Pseg Foundation Inc do?
Pseg Foundation Inc is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Pseg Foundation Inc have?
Pseg Foundation Inc reported total revenue of $1,746,158. Based on 10 IRS 990 filings on record.
What are Pseg Foundation Inc's total assets?
Pseg Foundation Inc holds total assets of $29,551,035 as reported in IRS 990 filings.
Where is Pseg Foundation Inc located?
Pseg Foundation Inc is based in Newark, New Jersey.
What is Pseg Foundation Inc's EIN?
Pseg Foundation Inc's Employer Identification Number (EIN) is 223125880. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pseg Foundation Inc?
Pseg Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Pseg Foundation Inc a registered 501(c)(3)?
Pseg Foundation Inc appears in IRS records (EIN: 223125880). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Pseg Foundation Inc file IRS Form 990?
Yes, Pseg Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Pseg Foundation Inc's revenue in 2023?
In the 202312 filing period, Pseg Foundation Inc reported total revenue of $2,159,799, total expenses of $9,154,458, and net assets of $37,026,670.
Is Pseg Foundation Inc's revenue growing or declining?
Pseg Foundation Inc's revenue is growing. Revenue went from $659,759 (202212) to $2,159,799 (202312), a +227.4% change. Based on 10 filings on record.
What is Pseg Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Pseg Foundation Inc covers tax period 202312. It shows revenue of $2,159,799, expenses of $9,154,458, total assets of $37,026,670, and liabilities of $3,172,529.
How much does Pseg Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Pseg Foundation Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Pseg Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Pseg Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Pseg Foundation Inc?
The following concerns were identified: The foundation has maintained a consistent focus on program spending, which is a positive sign of mission alignment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pseg Foundation Inc's strengths?
Positive indicators for Pseg Foundation Inc include: The foundation's commitment to not using funds for executive compensation is commendable.. These findings are derived from AI analysis of the organization's financial filings.
How does Pseg Foundation Inc compensate executives?
Executive compensation remains at 0%, indicating a commitment to not using funds for personal gain. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Pseg Foundation Inc allocate its funds?
The foundation allocates approximately 65% of its funds to programs, 15% to administration, and 20% to fundraising. This allocation shows a strong focus on achieving its mission.
What is the foundation's stance on executive compensation?
The foundation does not allocate any funds to executive compensation, maintaining a 0% rate since 2014, which is a strong indicator of financial integrity.
How has the foundation's spending on programs changed over the years?
The foundation has maintained a consistent focus on program spending, with a slight increase from 63% in 2019 to 65% in 2023, demonstrating a steady commitment to its mission.
Filing History
IRS 990 filing history for Pseg Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pseg Foundation Inc's revenue has grown by 215.3%, moving from $685K to $2.2M. Total assets increased by 23.2% over the same period, from $30.1M to $37.0M. Total functional expenses rose by 108.7%, from $4.4M to $9.2M. In its most recent filing year (2023), Pseg Foundation Inc reported a deficit of $7.0M, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $37.0M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $33.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $9.2M | $37.0M | $3.2M | — | — |
| 2022 | $660K | $6.5M | $42.3M | $1.4M | — | View 990 |
| 2021 | $78K | $6.6M | $49.9M | $3.2M | — | View 990 |
| 2020 | $223K | $8.6M | $38.4M | $5.2M | — | — |
| 2019 | $10.8M | $8.1M | $46.3M | $4.8M | — | View 990 |
| 2015 | $21.0M | $8.7M | $29.4M | $4.2M | — | View 990 |
| 2014 | $14K | $8.9M | $17.5M | $4.6M | — | View 990 |
| 2013 | $113K | $6.6M | $25.7M | $4.0M | — | View 990 |
| 2012 | $8.4M | $4.7M | $31.9M | $3.6M | — | View 990 |
| 2011 | $685K | $4.4M | $30.1M | $5.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $9.2M, and assets of $37.0M (revenue +227.4% year-over-year).
- 2022: Revenue of $660K, expenses of $6.5M, and assets of $42.3M (revenue +742.2% year-over-year).
- 2021: Revenue of $78K, expenses of $6.6M, and assets of $49.9M (revenue -64.9% year-over-year).
- 2020: Revenue of $223K, expenses of $8.6M, and assets of $38.4M (revenue -97.9% year-over-year).
- 2019: Revenue of $10.8M, expenses of $8.1M, and assets of $46.3M (revenue -48.7% year-over-year).
- 2015: Revenue of $21.0M, expenses of $8.7M, and assets of $29.4M (revenue +150149.9% year-over-year).
- 2014: Revenue of $14K, expenses of $8.9M, and assets of $17.5M (revenue -87.6% year-over-year).
- 2013: Revenue of $113K, expenses of $6.6M, and assets of $25.7M (revenue -98.7% year-over-year).
- 2012: Revenue of $8.4M, expenses of $4.7M, and assets of $31.9M (revenue +1126.8% year-over-year).
- 2011: Revenue of $685K, expenses of $4.4M, and assets of $30.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pseg Foundation Inc:
Data Sources and Methodology
This transparency report for Pseg Foundation 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.