Quick charity verification for M L Parrish Family Foundation Inc (EIN: 208076892)
Verdict: M L Parrish Family Foundation Inc shows mixed signals
55/100Mission Score
$593KRevenue
$961KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (e.g., $3,147 revenue vs. $86,507 expenses in 2023)
Declining asset base over time (from $1.2M in 2011 to $967K in 2023)
Revenue consistently insufficient to cover expenses across multiple periods
Strengths
No reported officer compensation, indicating potential volunteer leadership
Minimal to no liabilities reported across all filing periods
Maintains a substantial asset base despite consistent deficits
Spending Breakdown
How M L Parrish Family Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about M L Parrish Family Foundation Inc
Is M L Parrish Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, M L Parrish Family Foundation Inc (EIN: 208076892) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is M L Parrish Family Foundation Inc a good charity to donate to?
M L Parrish Family Foundation Inc has a Mission Score of 55/100. Revenue: $593K. Assets: $961K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for M L Parrish Family Foundation Inc?
The Employer Identification Number (EIN) for M L Parrish Family Foundation Inc is 208076892. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does M L Parrish Family Foundation Inc spend its money?
M L Parrish Family Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify M L Parrish Family Foundation Inc's tax-exempt status?
You can verify M L Parrish Family Foundation Inc's tax-exempt status using EIN 208076892 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The M L Parrish Family Foundation Inc. exhibits a concerning trend of declining assets and consistent operating deficits over the past several years. In 2023, the organization reported revenue of $3,147 against expenses of $86,507, resulting in a significant deficit. This pattern is not isolated, as evidenced by the 2022 period where revenue was $56,534 and expenses were $131,581. While the foundation maintains a substantial asset base of $967,948 in 2023, this has steadily decreased from $1,233,811 in 2011, indicating that the organization is spending down its principal rather than operating sustainably from investment income or new contributions.
The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program versus administrative expenses in the provided data. However, the consistent and substantial deficits suggest that current operational costs are not being covered by incoming revenue. The absence of officer compensation reported across all filings indicates a potential reliance on volunteer leadership, which can be a positive for efficiency, but the overall financial trajectory raises questions about long-term viability and impact. Transparency regarding the allocation of expenses (program vs. administrative) would provide a clearer picture of how funds are being utilized.
Given the consistent net losses, the foundation's financial health appears to be deteriorating. While the asset base provides a buffer, the continued spending down of assets is unsustainable. A more detailed look into the nature of their expenses and the specific programs they support would be necessary to fully evaluate their impact and efficiency. The lack of liabilities across all periods is a positive indicator of fiscal responsibility in managing debt.