How Park Acquisition Corporation 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 Park Acquisition Corporation
Is Park Acquisition Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Park Acquisition Corporation (EIN: 202523471) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
Is Park Acquisition Corporation a good charity to donate to?
Park Acquisition Corporation has a Mission Score of 45/100. Revenue: $103K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Park Acquisition Corporation?
The Employer Identification Number (EIN) for Park Acquisition Corporation is 202523471. 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 Acquisition Corporation spend its money?
Park Acquisition Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Park Acquisition Corporation's tax-exempt status?
You can verify Park Acquisition Corporation's tax-exempt status using EIN 202523471 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 Acquisition Corporation exhibits a concerning trend of declining revenue and increasing net losses over the past several years. In 2023, the organization reported revenue of $82,666 against expenses of $179,662, resulting in a significant deficit. This pattern of expenses consistently exceeding revenue has been present since at least 2020, with the gap widening in recent periods. While the organization maintains substantial assets of over $2 million, these assets have also been steadily decreasing, from $2,519,827 in 2019 to $2,093,458 in 2023, suggesting a reliance on drawing down reserves to cover operational costs.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficits raise questions about the sustainability of its current financial model. The absence of reported officer compensation is a positive indicator of cost control at the executive level, but the overall financial trajectory suggests a need for strategic review of revenue generation and expense management. Transparency regarding the allocation of its significant expenses would further clarify its operational efficiency.
Despite the financial challenges, the organization has consistently filed its IRS 990 forms, indicating a commitment to regulatory compliance. The lack of reported liabilities in most years, with the exception of 2023 ($1,366,000) and 2022 ($3,662), suggests that the organization generally avoids significant debt, though the sudden increase in liabilities in 2023 warrants further investigation. The long-term decline in assets, coupled with persistent operating losses, points to a need for improved financial planning and potentially new funding strategies to ensure long-term viability.