The Ptarmigan Foundation Inc
Ptarmigan Foundation shows strong asset base and minimal liabilities with recent revenue surge.
EIN: 208152230 · Washington, DC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $159K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.4M |
| Transparency Score | 88/100 |
Is The Ptarmigan 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 Ptarmigan Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ptarmigan Foundation Inc
The Ptarmigan Foundation Inc (EIN: 208152230) is a nonprofit organization based in Washington, DC, classified under NTEE code T22. The organization reported total revenue of $2.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ptarmigan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ptarmigan Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $522K |
| Total Expenses | $159K |
| Surplus / Deficit | +$363K |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | 69.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 257.1 months |
Financial Health Grade: A
In 2023, The Ptarmigan Foundation Inc reported a surplus of $363K with revenue exceeding expenses, holds 257.1 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 Ptarmigan Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +241.9% | -4.8% | +13.1% |
| 2022 | -44.2% | +3.6% | -9.6% |
| 2021 | +134.2% | +2.3% | +1.6% |
| 2020 | -43.7% | -4.4% | +2.0% |
| 2019 | +211.2% | -16.8% | -11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Ptarmigan Foundation Inc with a Mission Score of 88 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, The Ptarmigan Foundation 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 surplus of $363K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly unusual for an organization with assets over $3 million.
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 Ptarmigan Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Significant revenue volatility in historical filings, though latest is very high
- Unusually low liabilities ($1) which might indicate a simplified reporting or specific financial structure
Strengths
The following positive indicators were identified for The Ptarmigan Foundation Inc:
- Strong and consistent asset base (over $3 million)
- Extremely low liabilities ($1 across all filings)
- Consistent 0% officer compensation, indicating low administrative overhead
- Controlled and stable expense levels over many years
- Significant recent revenue growth ($2,179,772 latest revenue)
Frequently Asked Questions about The Ptarmigan Foundation Inc
Is The Ptarmigan Foundation Inc a legitimate charity?
The Ptarmigan Foundation Inc (EIN: 208152230) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 5 strengths noted. Financial health grade: A.
How does The Ptarmigan Foundation Inc spend its money?
The Ptarmigan Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Ptarmigan Foundation Inc tax-deductible?
The Ptarmigan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208152230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Ptarmigan Foundation Inc CEO make?
The Ptarmigan Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Ptarmigan Foundation Inc's spending goes to programs?
The Ptarmigan Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Ptarmigan Foundation Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Ptarmigan Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Ptarmigan Foundation Inc located?
The Ptarmigan Foundation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 208152230. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Ptarmigan Foundation Inc have?
The Ptarmigan 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 $2.2M in total revenue.
Is The Ptarmigan Foundation Inc a good charity?
Based on the provided financial data, The Ptarmigan Foundation Inc appears to be a financially sound organization with a strong asset base ($3,794,664), minimal liabilities ($1), and a history of controlled expenses. The consistent 0% officer compensation suggests a high dedication to directing funds towards its mission. However, without specific program spending details, a full assessment of its programmatic impact is limited.
How does The Ptarmigan Foundation Inc manage its expenses?
The Ptarmigan Foundation Inc has consistently maintained low and stable annual expenses, averaging between $157,124 and $198,266 in most periods, despite fluctuations in revenue and a substantial asset base. This indicates effective cost control and a lean operational structure.
What is the trend in The Ptarmigan Foundation Inc's revenue?
The Ptarmigan Foundation Inc's revenue has shown significant variability over the years, ranging from $51,481 to $543,354 in earlier periods. The latest reported revenue of $2,179,772 represents a substantial increase, indicating a period of significant growth or a large one-time contribution.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based, or that any compensation falls under other expense categories not specified as 'officer compensation'. This practice typically leads to lower administrative overhead and a greater proportion of funds available for programmatic activities.
Filing History
IRS 990 filing history for The Ptarmigan Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Ptarmigan Foundation Inc's revenue has grown by 81.4%, moving from $288K to $522K. Total assets decreased by 11.6% over the same period, from $3.8M to $3.4M. Total functional expenses fell by 12.9%, from $182K to $159K. In its most recent filing year (2023), The Ptarmigan Foundation Inc reported a surplus of $363K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $522K | $159K | $3.4M | $1 | — | View 990 |
| 2022 | $153K | $167K | $3.0M | $1 | — | View 990 |
| 2021 | $274K | $161K | $3.3M | $1 | — | View 990 |
| 2020 | $117K | $157K | $3.3M | $1 | — | — |
| 2019 | $207K | $164K | $3.2M | $1 | — | View 990 |
| 2015 | $67K | $197K | $3.6M | $1 | — | View 990 |
| 2014 | $51K | $196K | $3.9M | $1 | — | View 990 |
| 2013 | $225K | $196K | $3.9M | $1 | — | View 990 |
| 2012 | $543K | $198K | $3.9M | $1 | — | View 990 |
| 2011 | $288K | $182K | $3.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $522K, expenses of $159K, and assets of $3.4M (revenue +241.9% year-over-year).
- 2022: Revenue of $153K, expenses of $167K, and assets of $3.0M (revenue -44.2% year-over-year).
- 2021: Revenue of $274K, expenses of $161K, and assets of $3.3M (revenue +134.2% year-over-year).
- 2020: Revenue of $117K, expenses of $157K, and assets of $3.3M (revenue -43.7% year-over-year).
- 2019: Revenue of $207K, expenses of $164K, and assets of $3.2M (revenue +211.2% year-over-year).
- 2015: Revenue of $67K, expenses of $197K, and assets of $3.6M (revenue +29.4% year-over-year).
- 2014: Revenue of $51K, expenses of $196K, and assets of $3.9M (revenue -77.2% year-over-year).
- 2013: Revenue of $225K, expenses of $196K, and assets of $3.9M (revenue -58.5% year-over-year).
- 2012: Revenue of $543K, expenses of $198K, and assets of $3.9M (revenue +89.0% year-over-year).
- 2011: Revenue of $288K, expenses of $182K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ptarmigan Foundation Inc:
Data Sources and Methodology
This transparency report for The Ptarmigan 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.