How Park Academy allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Park Academy
Is Park Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Park Academy (EIN: 202381913) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Park Academy a good charity to donate to?
Park Academy has a Mission Score of 85/100. Revenue: $3.4M. Assets: $12.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Park Academy?
The Employer Identification Number (EIN) for Park Academy is 202381913. 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 Park Academy spend its money?
Park Academy allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Park Academy's tax-exempt status?
You can verify Park Academy's tax-exempt status using EIN 202381913 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
Park Academy demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $3 million annually. While the organization experienced a significant revenue spike in 2014 ($5.39 million), it has since normalized. The academy's assets have shown steady growth, increasing from $8.38 million in 2014 to $12.05 million in 2023, indicating good financial stewardship and asset accumulation. However, the organization has consistently reported expenses exceeding revenue in recent years, such as in 2023 where expenses were $3,080,685 against revenues of $2,853,832, leading to a deficit. This trend, if continued, could impact long-term financial health despite healthy asset levels.
Spending efficiency appears to be a mixed bag. While the organization has maintained a healthy asset base, the recent operating deficits suggest that current spending levels are not fully covered by incoming revenue. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess efficiency. However, the consistent growth in assets alongside fluctuating but generally increasing expenses suggests that the organization is investing in its future, potentially through capital improvements or endowment growth.
Transparency regarding executive compensation is excellent, with 0% reported for officer compensation across all available filings. This indicates that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for transparency and donor confidence. The consistent filing of IRS Form 990s over 13 periods also demonstrates a commitment to regulatory compliance and public disclosure.