Patras Society of New York Kostis Palamas Inc
Nonprofit profile at a glance
- EIN
- 842143538
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-T 2024
- Location
- New York, NY, USA
- Phone
- 9176138140
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $13,703
- Expenses
- $12,175
- Assets
- $19,987
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- GINA GEORGIOU (President)
People named in this filing
- GINA GEORGIOU (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes for which the corporation is arranged are to support and promote Greek Patras education, language, culture, and tradition in the community, and provide charitable relief to institutions within the community. The corporation intends on accomplishing the following purposes: improve the education of Greek Patras history amongst the community of the New York area; enhance the interest and participation in the education of Greek Patras history amongst the youth of the community of the New York area; and provide aid and assist any charitable organization in the New York area. The corporation intends on accomplishing these purposes with the following plans: organize educational seminars, lectures, and events on Greek Patras history; provide financial assistance to various educational organizations in the New York area that provide education of Greek Patras history to students and other participants; and provide financial assistance to charitable organizations in the New York area
What it reported doing in 2024
The purposes for which the corporation is arranged are to support and promote Greek Patras education, language, culture, and tradition in the community, and provide charitable relief to institutions within the community. The corporation intends on accomplishing the following purposes: improve the education of Greek Patras history amongst the community of the New York area; enhance the interest and participation in the education of Greek Patras history amongst the youth of the community of the New York area; and provide aid and assist any charitable organization in the New York area. The corporation intends on accomplishing these purposes with the following plans: organize educational seminars, lectures, and events on Greek Patras history; provide financial assistance to various educational organizations in the New York area that provide education of Greek Patras history to students and other participants; and provide financial assistance to charitable organizations in the New York area. The corporations purposes are for the benefit of: adults and youth of the community of the New York area; educational institutions that intend to educate the youth on Greek Patras history; and charitable organizations that intend to assist financially and medically disadvantaged individuals of the New York area.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.6%; rating input score 59
- Program expense ratio: 65.9%; rating input score 66
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 11.2%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 1.64; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: -4% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 13.7% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 58.6% of revenue deployed · 65.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $8K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.