Pulpit Harbor Foundation
Pulpit Harbor Foundation: Consistent Asset Growth, Low Revenue, and High Administrative Costs Raise Questions
EIN: 222506563 · North Haven, ME · NTEE: E83Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $113K |
| Net Assets | $3.4M |
| Transparency Score | 65/100 |
Is Pulpit Harbor Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pulpit Harbor Foundation
Pulpit Harbor Foundation (EIN: 222506563) is a nonprofit organization based in North Haven, ME, classified under NTEE code E83Z. The organization reported total revenue of $3.0M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pulpit Harbor Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pulpit Harbor Foundation is a mid-size nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $113K |
| Surplus / Deficit | +$113K |
| Total Assets | $3.4M |
| Net Assets | $3.4M |
| Operating Margin | 50.0% |
| Months of Reserves | 356.1 months |
Financial Health Grade: A
In 2023, Pulpit Harbor Foundation reported a surplus of $113K with revenue exceeding expenses, holds 356.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Pulpit Harbor Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.5% | -2.1% | +3.5% |
| 2022 | -1.0% | -13.3% | +5.3% |
| 2021 | -10.5% | +69.4% | +5.0% |
| 2020 | +125.2% | -29.8% | +8.7% |
| 2019 | +39.9% | +123.8% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Pulpit Harbor 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Pulpit Harbor Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data, and all expenses are categorized broadly as administrative.
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 Pulpit Harbor Foundation's IRS 990 filings:
- Zero reported program service expenses across all years (e.g., 2023: $0, 2022: $0) is a significant red flag, suggesting no direct charitable output.
- 100% of all expenses are administrative (e.g., 2023: $113,110, 2022: $115,579), which is highly unusual for a nonprofit.
- The foundation's revenue is consistently low (e.g., 2023: $226,404, 2022: $277,839) relative to its growing asset base (e.g., 2023: $3,356,633, 2022: $3,243,339).
Strengths
The following positive indicators were identified for Pulpit Harbor Foundation:
- The organization has demonstrated consistent asset growth over the past several years, from $2,421,493 in 2016 to $3,356,633 in 2023.
Frequently Asked Questions about Pulpit Harbor Foundation
Is Pulpit Harbor Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Pulpit Harbor Foundation (EIN: 222506563) some concerns. Mission Score: 65/100. 3 red flags identified, 1 strength noted.
How does Pulpit Harbor Foundation spend its money?
Detailed spending breakdown data is not yet available for Pulpit Harbor Foundation. Check back for updated IRS 990 analysis.
Are donations to Pulpit Harbor Foundation tax-deductible?
Pulpit Harbor Foundation is registered as a tax-exempt nonprofit (EIN: 222506563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pulpit Harbor Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Pulpit Harbor Foundation is above average for NTEE category E83Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pulpit Harbor Foundation located?
Pulpit Harbor Foundation is headquartered in North Haven, Maine and files with the IRS under EIN 222506563. It is classified under NTEE code E83Z.
How many years of IRS 990 filings does Pulpit Harbor Foundation have?
Pulpit Harbor Foundation has 14 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 $3.0M in total revenue.
What does Pulpit Harbor Foundation do?
Pulpit Harbor Foundation is a nonprofit organization in the Health Care sector, located in North Haven, Maine. It is classified under NTEE code E83Z.
How much revenue does Pulpit Harbor Foundation have?
Pulpit Harbor Foundation reported total revenue of $2,997,384. Based on 14 IRS 990 filings on record.
What are Pulpit Harbor Foundation's total assets?
Pulpit Harbor Foundation holds total assets of $3,596,319 as reported in IRS 990 filings.
Where is Pulpit Harbor Foundation located?
Pulpit Harbor Foundation is based in North Haven, Maine.
What is Pulpit Harbor Foundation's EIN?
Pulpit Harbor Foundation's Employer Identification Number (EIN) is 222506563. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pulpit Harbor Foundation?
Pulpit Harbor Foundation is classified under NTEE code E83Z (Health Care).
Is Pulpit Harbor Foundation a registered 501(c)(3)?
Yes, Pulpit Harbor Foundation is recognized as a tax-exempt organization by the IRS. EIN: 222506563.
Does Pulpit Harbor Foundation file IRS Form 990?
Yes, Pulpit Harbor Foundation has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Pulpit Harbor Foundation's revenue in 2023?
In the 202312 filing period, Pulpit Harbor Foundation reported total revenue of $226,404, total expenses of $113,110, and net assets of $3,356,633.
Is Pulpit Harbor Foundation's revenue growing or declining?
Pulpit Harbor Foundation's revenue is declining. Revenue went from $277,839 (202212) to $226,404 (202312), a -18.5% change. Based on 14 filings on record.
What is Pulpit Harbor Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Pulpit Harbor Foundation covers tax period 202312. It shows revenue of $226,404, expenses of $113,110, total assets of $3,356,633, and liabilities of N/A.
Is Pulpit Harbor Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Pulpit Harbor Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Pulpit Harbor Foundation?
The following concerns were identified: Zero reported program service expenses across all years (e.g., 2023: $0, 2022: $0) is a significant red flag, suggesting no direct charitable output.. 100% of all expenses are administrative (e.g., 2023: $113,110, 2022: $115,579), which is highly unusual for a nonprofit.. The foundation's revenue is consistently low (e.g., 2023: $226,404, 2022: $277,839) relative to its growing asset base (e.g., 2023: $3,356,633, 2022: $3,243,339).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pulpit Harbor Foundation's strengths?
Positive indicators for Pulpit Harbor Foundation include: The organization has demonstrated consistent asset growth over the past several years, from $2,421,493 in 2016 to $3,356,633 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Pulpit Harbor Foundation compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data, and all expenses are categorized broadly as administrative. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses and 100% administrative expenses, what is the actual charitable purpose or activity of the Pulpit Harbor Foundation?
The provided data indicates that the foundation does not directly engage in program services. Its primary function, based on expense reporting, appears to be administrative oversight and asset management, rather than direct charitable activities.
How does the foundation sustain consistent asset growth with relatively low revenue and no reported program spending?
Asset growth (e.g., from $2,421,493 in 2016 to $3,356,633 in 2023) with low revenue and no program spending suggests that the foundation's assets are primarily growing through investment returns or other non-revenue contributions, rather than through operational surpluses from charitable activities.
Filing History
IRS 990 filing history for Pulpit Harbor Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Pulpit Harbor Foundation's revenue has grown by 990.8%, moving from $21K to $226K. Total assets increased by 65.6% over the same period, from $2.0M to $3.4M. Total functional expenses rose by 106.5%, from $55K to $113K. In its most recent filing year (2023), Pulpit Harbor Foundation reported a surplus of $113K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $226K | $113K | $3.4M | $0 | — | — |
| 2022 | $278K | $116K | $3.2M | $0 | — | View 990 |
| 2021 | $281K | $133K | $3.1M | $0 | — | View 990 |
| 2020 | $314K | $79K | $2.9M | $0 | — | View 990 |
| 2019 | $139K | $112K | $2.7M | $0 | — | View 990 |
| 2018 | $100K | $50K | $2.7M | $0 | — | View 990 |
| 2017 | $253K | $52K | $2.6M | $0 | — | View 990 |
| 2016 | $86K | $66K | $2.4M | $0 | — | View 990 |
| 2015 | $181K | $20K | $2.4M | $0 | — | View 990 |
| 2014 | $115K | $37K | $2.2M | $0 | — | View 990 |
| 2013 | $105K | $44K | $2.2M | $0 | — | View 990 |
| 2012 | $73K | $49K | $2.1M | $0 | — | View 990 |
| 2011 | $65K | $14K | $2.1M | $0 | — | View 990 |
| 2010 | $21K | $55K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $226K, expenses of $113K, and assets of $3.4M (revenue -18.5% year-over-year).
- 2022: Revenue of $278K, expenses of $116K, and assets of $3.2M (revenue -1.0% year-over-year).
- 2021: Revenue of $281K, expenses of $133K, and assets of $3.1M (revenue -10.5% year-over-year).
- 2020: Revenue of $314K, expenses of $79K, and assets of $2.9M (revenue +125.2% year-over-year).
- 2019: Revenue of $139K, expenses of $112K, and assets of $2.7M (revenue +39.9% year-over-year).
- 2018: Revenue of $100K, expenses of $50K, and assets of $2.7M (revenue -60.6% year-over-year).
- 2017: Revenue of $253K, expenses of $52K, and assets of $2.6M (revenue +195.3% year-over-year).
- 2016: Revenue of $86K, expenses of $66K, and assets of $2.4M (revenue -52.8% year-over-year).
- 2015: Revenue of $181K, expenses of $20K, and assets of $2.4M (revenue +57.8% year-over-year).
- 2014: Revenue of $115K, expenses of $37K, and assets of $2.2M (revenue +9.4% year-over-year).
- 2013: Revenue of $105K, expenses of $44K, and assets of $2.2M (revenue +42.9% year-over-year).
- 2012: Revenue of $73K, expenses of $49K, and assets of $2.1M (revenue +13.8% year-over-year).
- 2011: Revenue of $65K, expenses of $14K, and assets of $2.1M (revenue +211.1% year-over-year).
- 2010: Revenue of $21K, expenses of $55K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pulpit Harbor Foundation:
Data Sources and Methodology
This transparency report for Pulpit Harbor 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.