The Phffoundation Inc
The Phffoundation Inc consistently maintains low liabilities and reports no officer compensation, with assets growing significantly over the past decade.
EIN: 134192506 · Old Greenwich, CT · NTEE: T90 · Updated: 2026-03-28
Is The Phffoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Phffoundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Phffoundation Inc
The Phffoundation Inc (EIN: 134192506) is a nonprofit organization based in Old Greenwich, CT, classified under NTEE code T90. The organization reported total revenue of $7.7M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Phffoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Phffoundation 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, The Phffoundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Phffoundation Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets of $9,948,217 and annual revenues exceeding $1.8 million. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, which warrants further investigation for complete transparency.
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 The Phffoundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and could indicate compensation is reported elsewhere or a unique operational model.
Strengths
The following positive indicators were identified for The Phffoundation Inc:
- Strong financial health with consistent asset growth from $1.6M in 2011 to $9.9M in 2023.
- Very low liabilities, often $1, indicating sound financial management and minimal debt.
- Consistent surplus of revenue over expenses, with 2023 revenue of $1,840,377 significantly exceeding expenses of $707,537.
- Reported 0% officer compensation, suggesting a high potential for funds to be directed towards programs.
- Consistent IRS 990 filing history, indicating good compliance and transparency.
Frequently Asked Questions about The Phffoundation Inc
Is The Phffoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Phffoundation Inc (EIN: 134192506) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does The Phffoundation Inc spend its money?
The Phffoundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Phffoundation Inc tax-deductible?
The Phffoundation Inc is registered as a tax-exempt nonprofit (EIN: 134192506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Phffoundation Inc a good charity?
Based on the available IRS 990 data, The Phffoundation Inc appears to be a financially sound organization with strong asset growth, low liabilities, and a consistent surplus of revenue over expenses. The reported 0% officer compensation is a significant positive indicator for resource allocation, suggesting a high proportion of funds could be directed towards its mission. However, without a detailed breakdown of program vs. administrative spending, a definitive 'good' rating is difficult, though the financial health is strong.
How does The Phffoundation Inc manage its executive compensation?
The Phffoundation Inc consistently reports 0% officer compensation on its IRS 990 filings. This suggests that its executive leadership may be entirely volunteer-based, or that any compensation for leadership roles is categorized under other expense lines, which is not explicitly detailed in the provided data.
What is the trend in The Phffoundation Inc's financial growth?
The Phffoundation Inc has demonstrated significant financial growth, with assets increasing from $1,654,797 in 2011 to $9,948,217 in 2023. Revenue has also generally trended upwards, with the latest reported revenue of $1,840,377 in 2023 being substantially higher than its expenses.
Filing History
IRS 990 filing history for The Phffoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Phffoundation Inc's revenue has grown by 313.7%, moving from $445K to $1.8M. Total assets increased by 501.2% over the same period, from $1.7M to $9.9M. Total functional expenses rose by 496.1%, from $119K to $708K. In its most recent filing year (2023), The Phffoundation Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $708K | $9.9M | $1 | — | — |
| 2022 | $1.5M | $650K | $9.1M | $1 | — | View 990 |
| 2021 | $2.1M | $578K | $8.6M | $1 | — | View 990 |
| 2020 | $1.1M | $448K | $7.7M | $1 | — | — |
| 2019 | $1.3M | $380K | $7.0M | $0 | — | View 990 |
| 2015 | $815K | $232K | $3.1M | $0 | — | View 990 |
| 2014 | $1.2M | $199K | $2.9M | $0 | — | View 990 |
| 2013 | $718K | $122K | $2.0M | $0 | — | View 990 |
| 2012 | $272K | $127K | $1.7M | $0 | — | View 990 |
| 2011 | $445K | $119K | $1.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $708K, and assets of $9.9M (revenue +24.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $650K, and assets of $9.1M (revenue -29.0% year-over-year).
- 2021: Revenue of $2.1M, expenses of $578K, and assets of $8.6M (revenue +81.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $448K, and assets of $7.7M (revenue -9.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $380K, and assets of $7.0M (revenue +54.9% year-over-year).
- 2015: Revenue of $815K, expenses of $232K, and assets of $3.1M (revenue -29.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $199K, and assets of $2.9M (revenue +61.4% year-over-year).
- 2013: Revenue of $718K, expenses of $122K, and assets of $2.0M (revenue +163.8% year-over-year).
- 2012: Revenue of $272K, expenses of $127K, and assets of $1.7M (revenue -38.8% year-over-year).
- 2011: Revenue of $445K, expenses of $119K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for The Phffoundation 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.