Ptm Charitable Foundation

Ptm Charitable Foundation maintains strong assets and no officer compensation, with fluctuating but generally positive net income.

EIN: 133800384 · Southport, CT · NTEE: T30J · Updated: 2026-03-28

$460KRevenue

$1.6MAssets

92/100Mission Score (Excellent)

T30J

About Ptm Charitable Foundation

Ptm Charitable Foundation (EIN: 133800384) is a nonprofit organization based in Southport, CT, classified under NTEE code T30J. The organization reported total revenue of $460K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ptm Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ptm Charitable Foundation demonstrates consistent financial stability with a healthy asset base, reporting $1,625,799 in assets in its latest filing. The organization has maintained minimal liabilities, consistently reporting only $1 across all available filings, indicating strong financial management and low debt risk. While revenue has fluctuated over the years, from a high of $1,018,631 in 2012 to $183,967 in 2023, the foundation has consistently managed its expenses below its revenue in recent years, leading to growth in its asset base. For instance, in 2023, revenue was $183,967 against expenses of $172,885, contributing to asset growth.

The foundation's spending efficiency appears strong, particularly given its consistent reporting of 0% officer compensation, suggesting that a significant portion of its operational budget is directed towards its charitable activities rather than executive salaries. This commitment to minimizing administrative overhead is a positive indicator of its dedication to its mission. The lack of reported officer compensation also enhances its transparency profile, as it suggests a volunteer-driven or very lean operational structure at the leadership level. The consistent filing of IRS 990 forms over a decade further demonstrates a commitment to regulatory compliance and public transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ptm Charitable Foundation with a Mission Score of 92 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Ptm Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The Ptm Charitable Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a highly volunteer-driven leadership or a structure where executive functions are covered by other means, significantly reducing administrative overhead.

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.

Strengths

The following positive indicators were identified for Ptm Charitable Foundation:

Consistent 0% officer compensation, indicating high efficiency and mission focus.
Strong and stable asset base, with $1,625,799 in latest assets.
Minimal liabilities ($1 across all filings), demonstrating excellent financial health.
Expenses generally managed below revenue in recent years, contributing to asset growth.
Consistent IRS 990 filing history, indicating good transparency and compliance.

Frequently Asked Questions about Ptm Charitable Foundation

Is Ptm Charitable Foundation a good charity?

Based on the available data, Ptm Charitable Foundation appears to be a good charity. It maintains a strong asset base ($1,625,799), consistently reports minimal liabilities ($1), and most notably, reports 0% officer compensation, indicating a high dedication to its mission with very low administrative overhead. Its expenses are generally well-managed relative to its revenue in recent years.

How does Ptm Charitable Foundation manage its expenses?

Ptm Charitable Foundation has demonstrated effective expense management, particularly in recent years. For example, in 2023, expenses were $172,885 against revenue of $183,967, showing a surplus. The consistent reporting of 0% officer compensation also suggests a very lean operational structure, minimizing administrative costs.

What is the trend in Ptm Charitable Foundation's revenue?

Ptm Charitable Foundation's revenue has fluctuated significantly over the years. It saw a peak of $1,018,631 in 2012, then experienced lower revenues in subsequent years, with $183,967 in 2023. Despite fluctuations, recent years (2021-2023) show revenues generally exceeding expenses.

Filing History

IRS 990 filing history for Ptm Charitable Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Ptm Charitable Foundation's revenue has grown by 770.3%, moving from $21K to $184K. Total assets increased by 57.5% over the same period, from $1000K to $1.6M. Total functional expenses rose by 47.8%, from $117K to $173K. In its most recent filing year (2023), Ptm Charitable Foundation reported a surplus of $11K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$184K	$173K	$1.6M	$1	—	—
2022	$222K	$172K	$1.6M	$1	—	View 990
2021	$303K	$183K	$1.5M	$1	—	View 990
2020	$83K	$37K	$1.4M	$1	—	—
2019	$112K	$46K	$1.3M	$1	—	View 990
2015	$4K	$115K	$1.5M	$1	—	View 990
2014	$53K	$115K	$1.6M	$1	—	View 990
2013	$21K	$217K	$1.7M	$1	—	View 990
2012	$1.0M	$155K	$1.9M	$1	—	View 990
2011	$21K	$117K	$1000K	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $184K, expenses of $173K, and assets of $1.6M (revenue -17.1% year-over-year).
2022: Revenue of $222K, expenses of $172K, and assets of $1.6M (revenue -26.8% year-over-year).
2021: Revenue of $303K, expenses of $183K, and assets of $1.5M (revenue +266.1% year-over-year).
2020: Revenue of $83K, expenses of $37K, and assets of $1.4M (revenue -25.8% year-over-year).
2019: Revenue of $112K, expenses of $46K, and assets of $1.3M (revenue +2705.5% year-over-year).
2015: Revenue of $4K, expenses of $115K, and assets of $1.5M (revenue -92.4% year-over-year).
2014: Revenue of $53K, expenses of $115K, and assets of $1.6M (revenue +147.8% year-over-year).
2013: Revenue of $21K, expenses of $217K, and assets of $1.7M (revenue -97.9% year-over-year).
2012: Revenue of $1.0M, expenses of $155K, and assets of $1.9M (revenue +4718.7% year-over-year).
2011: Revenue of $21K, expenses of $117K, and assets of $1000K.

Data Sources and Methodology

This transparency report for Ptm Charitable 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.