The Pitney Bowes Foundation Inc
Pitney Bowes Foundation consistently spends more than it earns, drawing down assets significantly over a decade.
EIN: 200523317 · Stamford, CT · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $345K |
| Transparency Score | 70/100 |
Is The Pitney Bowes Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Pitney Bowes Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Pitney Bowes Foundation Inc
The Pitney Bowes Foundation Inc (EIN: 200523317) is a nonprofit organization based in Stamford, CT, classified under NTEE code T21. The organization reported total revenue of $2.1M and total assets of $443K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Pitney Bowes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Pitney Bowes Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-254,829 |
| Total Assets | $443K |
| Total Liabilities | $98K |
| Net Assets | $345K |
| Operating Margin | -12.4% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, The Pitney Bowes Foundation Inc reported a deficit of $255K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 22.1% (moderate leverage).
Financial Trends
Over 11 years of filings (2010–2023), The Pitney Bowes Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.6% | -17.4% | -26.0% |
| 2022 | +40.0% | +8.6% | -15.1% |
| 2021 | -42.9% | -7.6% | -48.2% |
| 2020 | +23.9% | -4.3% | +144.3% |
| 2019 | +30.8% | +4.7% | -82.8% |
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 Pitney Bowes Foundation Inc with a Mission Score of 70 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Pitney Bowes Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $255K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is highly favorable for a nonprofit of this size.
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 Pitney Bowes Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most reported years, including $2,312,175 expenses vs. $2,057,346 revenue in 2023.
- Significant decline in total assets from $11,264,894 in 2011 to $442,846 in 2023, indicating a substantial draw-down of its financial reserves.
- Fluctuating revenue streams, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for The Pitney Bowes Foundation Inc:
- 0% officer compensation reported across all filings, indicating efficient use of funds for executive oversight.
- Consistent history of grantmaking as a corporate foundation (NTEE T21), suggesting a clear mission focus.
- Relatively low liabilities compared to assets in recent years (e.g., $97,951 liabilities vs. $442,846 assets in 2023).
Frequently Asked Questions about The Pitney Bowes Foundation Inc
Is The Pitney Bowes Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Pitney Bowes Foundation Inc (EIN: 200523317) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does The Pitney Bowes Foundation Inc spend its money?
The Pitney Bowes Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Pitney Bowes Foundation Inc tax-deductible?
The Pitney Bowes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200523317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Pitney Bowes Foundation Inc's spending goes to programs?
The Pitney Bowes Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Pitney Bowes Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Pitney Bowes Foundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Pitney Bowes Foundation Inc located?
The Pitney Bowes Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 200523317. It is classified under NTEE code T21.
How many years of IRS 990 filings does The Pitney Bowes Foundation Inc have?
The Pitney Bowes Foundation Inc has 11 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 $2.1M in total revenue.
What is the long-term strategy for the foundation's declining asset base?
The foundation's assets have decreased from over $11 million in 2011 to $442,846 in 2023. This significant draw-down, coupled with expenses frequently exceeding revenue (e.g., $2,312,175 expenses vs. $2,057,346 revenue in 2023), raises questions about its future financial sustainability and ability to fund programs at historical levels.
How does the foundation plan to address its recurring operational deficits?
In multiple years, including 2023, 2021, 2019, 2015, 2014, 2013, 2012, and 2011, the foundation's expenses have exceeded its revenue. This pattern suggests a reliance on existing assets or inconsistent funding, which could impact its long-term operational viability.
What are the primary sources of revenue for the foundation?
Given the fluctuating revenue figures (e.g., $2,057,346 in 2023 vs. $3,502,455 in 2020), understanding the stability and diversity of its funding streams is crucial, especially as it appears to be drawing down its principal.
Filing History
IRS 990 filing history for The Pitney Bowes Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), The Pitney Bowes Foundation Inc's revenue has grown by 534.1%, moving from $324K to $2.1M. Total assets decreased by 96.9% over the same period, from $14.2M to $443K. Total functional expenses rose by 11%, from $2.1M to $2.3M. In its most recent filing year (2023), The Pitney Bowes Foundation Inc reported a deficit of $255K, with expenses exceeding revenue. The organization holds $98K in liabilities against $443K in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $345K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $443K | $98K | — | — |
| 2022 | $2.8M | $2.8M | $598K | $10K | — | View 990 |
| 2021 | $2.0M | $2.6M | $705K | $108K | — | View 990 |
| 2020 | $3.5M | $2.8M | $1.4M | $192K | — | View 990 |
| 2019 | $2.8M | $2.9M | $557K | $100K | — | View 990 |
| 2015 | $2.2M | $2.8M | $3.2M | $1.0M | — | View 990 |
| 2014 | $852K | $3.5M | $3.0M | $31K | — | View 990 |
| 2013 | $755K | $3.3M | $6.4M | $229K | — | View 990 |
| 2012 | $524K | $3.6M | $8.8M | $353K | — | View 990 |
| 2011 | $346K | $3.4M | $11.3M | $308K | — | View 990 |
| 2010 | $324K | $2.1M | $14.2M | $370K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $443K (revenue -26.6% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.8M, and assets of $598K (revenue +40.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.6M, and assets of $705K (revenue -42.9% year-over-year).
- 2020: Revenue of $3.5M, expenses of $2.8M, and assets of $1.4M (revenue +23.9% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.9M, and assets of $557K (revenue +30.8% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.8M, and assets of $3.2M (revenue +153.6% year-over-year).
- 2014: Revenue of $852K, expenses of $3.5M, and assets of $3.0M (revenue +12.9% year-over-year).
- 2013: Revenue of $755K, expenses of $3.3M, and assets of $6.4M (revenue +44.2% year-over-year).
- 2012: Revenue of $524K, expenses of $3.6M, and assets of $8.8M (revenue +51.5% year-over-year).
- 2011: Revenue of $346K, expenses of $3.4M, and assets of $11.3M (revenue +6.5% year-over-year).
- 2010: Revenue of $324K, expenses of $2.1M, and assets of $14.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Pitney Bowes Foundation Inc:
Data Sources and Methodology
This transparency report for The Pitney Bowes 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.