Popular Foundation Inc

Nonprofit profile at a glance

EIN
474997597
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024
Location
New York, NY, USA
Phone
7877258861
Rating
88
Verdict
STRONG
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$904,730
Expenses
$570,938

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2024

The foundation reported 44 grants totaling $446,353. The stated grant purposes included the upskill at home program offers a workshop curriculum that empowers disadvantaged new york city women to become self-sufficient., nmic's train & earn program has served approximately 450 young people ages 16 to 24 who are out of work and out of school, providing them with employment placement and retention services, as well as case management support for at least a year after training completion., and students-teaching-students: a financial literacy program will target miami dade college students and their families. the overall goal is to raise financial literacy awareness among lmi students., plus 41 other reported purposes.

Operating model

Revenue model
Donor-supported. 79% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 78% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 78
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 19

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 87th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 78.2%; rating input score 78; 40th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 10.05; rating input score 19; 19th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 19th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 44 filed money-flow records
  • 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.

  • High — Endowment Health: Endowment-health comparison scored 19/100.