Public Assets Institute Inc
Public Assets Institute Inc maintains stable assets despite recent operating deficits and reports no officer compensation.
EIN: 161703662 · Montpelier, VT · NTEE: W20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $544K |
| Total Expenses | $583K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $250,000 |
| Net Assets | $459K |
| Transparency Score | 90/100 |
Is Public Assets Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Public Assets Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Public Assets Institute Inc
Public Assets Institute Inc (EIN: 161703662) is a nonprofit organization based in Montpelier, VT, classified under NTEE code W20. The organization reported total revenue of $544K and total assets of $425K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Public Assets Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Public Assets Institute Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $556K |
| Total Expenses | $583K |
| Surplus / Deficit | $-26,778 |
| Total Assets | $490K |
| Total Liabilities | $31K |
| Net Assets | $459K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 10.1 months |
Financial Health Grade: B
In 2023, Public Assets Institute Inc reported a deficit of $27K with expenses exceeding revenue, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Public Assets Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.8% | +0.0% | -7.2% |
| 2022 | +55.6% | +13.4% | +40.6% |
| 2021 | -10.0% | +8.6% | -18.8% |
| 2020 | +1.0% | +35.3% | +35.8% |
| 2019 | +71.0% | +16.5% | +113.5% |
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 Public Assets Institute Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Public Assets Institute Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues fluctuating between $250,000 and $740,000.
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 Public Assets Institute Inc's IRS 990 filings:
- Operating deficit in the latest filing (202306), with expenses exceeding revenue by $26,778.
Strengths
The following positive indicators were identified for Public Assets Institute Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Significant growth in assets over the past five years, from $159,550 in 201806 to $490,161 in 202306.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and good governance.
Frequently Asked Questions about Public Assets Institute Inc
Is Public Assets Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Public Assets Institute Inc (EIN: 161703662) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Public Assets Institute Inc spend its money?
Public Assets Institute Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Public Assets Institute Inc tax-deductible?
Public Assets Institute Inc is registered as a tax-exempt nonprofit (EIN: 161703662). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Public Assets Institute Inc CEO make?
Public Assets Institute Inc's highest-compensated officer earns $250,000 annually. The organization reported $544K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Public Assets Institute Inc's spending goes to programs?
Public Assets Institute Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Public Assets Institute Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Public Assets Institute Inc is above average for NTEE category W20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Public Assets Institute Inc located?
Public Assets Institute Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 161703662. It is classified under NTEE code W20.
How many years of IRS 990 filings does Public Assets Institute Inc have?
Public Assets Institute Inc 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 $544K in total revenue.
Is Public Assets Institute Inc a good charity?
Based on the provided data, Public Assets Institute Inc appears to be a well-managed organization with strong indicators of financial health and transparency. The consistent reporting of 0% officer compensation is a significant positive factor, suggesting a high dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown growth in assets from $159,550 in 201806 to $490,161 in 202306. While there have been fluctuations in annual operating results (e.g., a deficit in 202306 and a surplus in 202206), the overall trend in assets and low liabilities suggests a stable and growing financial foundation.
What is the trend in revenue and expenses?
Revenue has fluctuated, peaking at $739,196 in 202206 and dropping to $555,832 in 202306. Expenses have generally increased over time, from $300,159 in 201806 to $582,610 in 202306, indicating an expansion of activities, though sometimes exceeding revenue in recent periods.
Filing History
IRS 990 filing history for Public Assets Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Public Assets Institute Inc's revenue has grown by 195.1%, moving from $188K to $556K. Total assets increased by 277.1% over the same period, from $130K to $490K. Total functional expenses rose by 140.5%, from $242K to $583K. In its most recent filing year (2023), Public Assets Institute Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $31K in liabilities against $490K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $459K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $556K | $583K | $490K | $31K | — | — |
| 2022 | $739K | $582K | $528K | $43K | — | View 990 |
| 2021 | $475K | $514K | $376K | $47K | — | — |
| 2020 | $528K | $473K | $463K | $95K | — | — |
| 2019 | $522K | $350K | $341K | $28K | — | View 990 |
| 2018 | $305K | $300K | $160K | $20K | — | View 990 |
| 2017 | $258K | $320K | $156K | $22K | — | View 990 |
| 2016 | $282K | $332K | $227K | $36K | — | View 990 |
| 2015 | $254K | $252K | $255K | $14K | — | View 990 |
| 2014 | $374K | $254K | $258K | $19K | — | View 990 |
| 2013 | $261K | $266K | $138K | $5K | — | View 990 |
| 2012 | $258K | $251K | $147K | $10K | — | View 990 |
| 2011 | $188K | $242K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $556K, expenses of $583K, and assets of $490K (revenue -24.8% year-over-year).
- 2022: Revenue of $739K, expenses of $582K, and assets of $528K (revenue +55.6% year-over-year).
- 2021: Revenue of $475K, expenses of $514K, and assets of $376K (revenue -10.0% year-over-year).
- 2020: Revenue of $528K, expenses of $473K, and assets of $463K (revenue +1.0% year-over-year).
- 2019: Revenue of $522K, expenses of $350K, and assets of $341K (revenue +71.0% year-over-year).
- 2018: Revenue of $305K, expenses of $300K, and assets of $160K (revenue +18.5% year-over-year).
- 2017: Revenue of $258K, expenses of $320K, and assets of $156K (revenue -8.6% year-over-year).
- 2016: Revenue of $282K, expenses of $332K, and assets of $227K (revenue +11.0% year-over-year).
- 2015: Revenue of $254K, expenses of $252K, and assets of $255K (revenue -32.0% year-over-year).
- 2014: Revenue of $374K, expenses of $254K, and assets of $258K (revenue +43.1% year-over-year).
- 2013: Revenue of $261K, expenses of $266K, and assets of $138K (revenue +1.1% year-over-year).
- 2012: Revenue of $258K, expenses of $251K, and assets of $147K (revenue +37.1% year-over-year).
- 2011: Revenue of $188K, expenses of $242K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Public Assets Institute Inc:
Data Sources and Methodology
This transparency report for Public Assets Institute 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.