The Carroll And Milton Petrie Foundation Inc
The Carroll And Milton Petrie Foundation Inc maintains strong assets and zero reported officer compensation, indicating high financial efficiency.
EIN: 201451752 · Brooklyn, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $39.6M |
| Total Expenses | $8.2M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $102.9M |
| Transparency Score | 95/100 |
Is The Carroll And Milton Petrie Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Carroll And Milton Petrie Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Carroll And Milton Petrie Foundation Inc
The Carroll And Milton Petrie Foundation Inc (EIN: 201451752) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code T20. The organization reported total revenue of $39.6M and total assets of $110.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Carroll And Milton Petrie Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Carroll And Milton Petrie Foundation Inc is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $102.9M |
| Total Liabilities | $1 |
| Net Assets | $102.9M |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 150.5 months |
Financial Health Grade: A
In 2023, The Carroll And Milton Petrie Foundation Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 150.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Carroll And Milton Petrie Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +125.5% | -29.4% | +10.5% |
| 2022 | -35.7% | +77.5% | -22.9% |
| 2021 | -56.9% | -21.0% | +9.9% |
| 2020 | +57.4% | +8.0% | +9.7% |
| 2019 | -79.8% | +39.4% | +39.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 The Carroll And Milton Petrie Foundation Inc with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Carroll And Milton Petrie Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is exceptional for an organization of this size with assets exceeding $100 million. This indicates a strong commitment to directing resources entirely towards the foundation's mission rather than executive salaries.
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 The Carroll And Milton Petrie Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Very low liabilities, often reported as $1, demonstrating strong financial stability.
- Substantial and growing asset base, currently $110,836,074, providing long-term financial security.
- Generally manages expenses below revenue, contributing to asset growth.
- Clear focus on grantmaking (NTEE T20) with resources directed to external programs.
Frequently Asked Questions about The Carroll And Milton Petrie Foundation Inc
Is The Carroll And Milton Petrie Foundation Inc a legitimate charity?
The Carroll And Milton Petrie Foundation Inc (EIN: 201451752) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $39.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Carroll And Milton Petrie Foundation Inc spend its money?
The Carroll And Milton Petrie Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Carroll And Milton Petrie Foundation Inc tax-deductible?
The Carroll And Milton Petrie Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201451752). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Carroll And Milton Petrie Foundation Inc CEO make?
The Carroll And Milton Petrie Foundation Inc's highest-compensated officer earns $100 annually. The organization reported $39.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Carroll And Milton Petrie Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The Carroll And Milton Petrie Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Carroll And Milton Petrie Foundation Inc located?
The Carroll And Milton Petrie Foundation Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 201451752. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Carroll And Milton Petrie Foundation Inc have?
The Carroll And Milton Petrie 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 $39.6M in total revenue.
Is The Carroll And Milton Petrie Foundation Inc a good charity?
Based on the available IRS 990 data, The Carroll And Milton Petrie Foundation Inc appears to be a very good charity. It maintains substantial assets ($110,836,074), consistently reports 0% officer compensation, and has extremely low liabilities, all pointing to strong financial health and efficient use of funds.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses effectively. In most periods, such as 2023 ($10,620,605 revenue vs. $8,202,941 expenses) and 2021 ($7,321,358 revenue vs. $6,549,501 expenses), expenses are less than revenue, contributing to asset growth. There are occasional periods, like 2022, where expenses ($11,622,574) exceeded revenue ($4,710,217), but overall, the trend supports financial stability.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It indicates that no salaries are paid to officers from the foundation's funds, which is a strong positive indicator of financial efficiency and a commitment to maximizing the funds available for grants and programmatic activities.
Filing History
IRS 990 filing history for The Carroll And Milton Petrie Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Carroll And Milton Petrie Foundation Inc's revenue has grown by 549.5%, moving from $1.6M to $10.6M. Total assets increased by 426.6% over the same period, from $19.5M to $102.9M. Total functional expenses rose by 37.6%, from $6.0M to $8.2M. In its most recent filing year (2023), The Carroll And Milton Petrie Foundation Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $102.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $102.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $8.2M | $102.9M | $1 | — | — |
| 2022 | $4.7M | $11.6M | $93.1M | $1 | — | View 990 |
| 2021 | $7.3M | $6.5M | $120.8M | $1 | — | View 990 |
| 2020 | $17.0M | $8.3M | $110.0M | $6K | — | View 990 |
| 2019 | $10.8M | $7.7M | $100.3M | $6K | — | — |
| 2015 | $53.5M | $5.5M | $71.9M | $1 | — | View 990 |
| 2014 | $5.2M | $4.7M | $23.1M | $1 | — | View 990 |
| 2013 | $2.9M | $5.0M | $20.5M | $1 | — | View 990 |
| 2012 | $6.0M | $5.6M | $20.5M | $1 | — | View 990 |
| 2011 | $1.6M | $6.0M | $19.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $8.2M, and assets of $102.9M (revenue +125.5% year-over-year).
- 2022: Revenue of $4.7M, expenses of $11.6M, and assets of $93.1M (revenue -35.7% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.5M, and assets of $120.8M (revenue -56.9% year-over-year).
- 2020: Revenue of $17.0M, expenses of $8.3M, and assets of $110.0M (revenue +57.4% year-over-year).
- 2019: Revenue of $10.8M, expenses of $7.7M, and assets of $100.3M (revenue -79.8% year-over-year).
- 2015: Revenue of $53.5M, expenses of $5.5M, and assets of $71.9M (revenue +927.3% year-over-year).
- 2014: Revenue of $5.2M, expenses of $4.7M, and assets of $23.1M (revenue +78.0% year-over-year).
- 2013: Revenue of $2.9M, expenses of $5.0M, and assets of $20.5M (revenue -51.4% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.6M, and assets of $20.5M (revenue +267.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $6.0M, and assets of $19.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Carroll And Milton Petrie Foundation Inc:
Data Sources and Methodology
This transparency report for The Carroll And Milton Petrie 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.