Is Park Family Foundation Legit?

Strengths

Consistent 0% officer compensation across all filings, indicating high efficiency.
Strong and growing asset base, exceeding $5 million in the latest period.
Generally operates with a financial surplus, demonstrating prudent management (e.g., 202312: Revenue $907,155 vs. Expenses $891,307).
Very low liabilities, often near zero (e.g., $1 in 202312), indicating strong financial health.
Long history of consistent IRS 990 filings, demonstrating transparency.

Spending Breakdown

How Park Family Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Family Foundation

Is Park Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Park Family Foundation (EIN: 202210340) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Park Family Foundation a good charity to donate to?

Park Family Foundation has a Mission Score of 95/100. Revenue: $1.2M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Park Family Foundation?

The Employer Identification Number (EIN) for Park Family Foundation is 202210340. 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 Family Foundation spend its money?

Park Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Park Family Foundation's tax-exempt status?

You can verify Park Family Foundation's tax-exempt status using EIN 202210340 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 Park Family Foundation demonstrates consistent financial stability with assets consistently above $4.5 million over the past decade, reaching $5,127,096 in the latest filing. Revenue has fluctuated, with the latest reported at $1,167,036, showing a healthy increase from previous years. The organization generally manages its expenses well, often operating with a surplus, as seen in 202312 where revenue ($907,155) exceeded expenses ($891,307). This indicates prudent financial management and a capacity to build reserves.

The foundation's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of its expenditures are directed towards its programmatic activities rather than administrative overhead or executive salaries. The low liability figures, such as $1 in 202312, further underscore a healthy balance sheet and responsible financial practices.

In terms of transparency, the consistent filing of IRS Form 990s over a decade provides a good historical record of their financial activities. The absence of officer compensation is a significant positive indicator for transparency and donor confidence, as it implies that the foundation's resources are primarily dedicated to its mission. Overall, the Park Family Foundation appears to be a financially sound and efficiently managed organization.

Verdict: Park Family Foundation appears trustworthy