Quick charity verification for Park Foundation Inc (EIN: 166071043)
Verdict: Park Foundation Inc appears trustworthy
90/100Mission Score
$130.2MRevenue
$406.0MAssets
1Red Flags
4Strengths
Red Flags
Significant annual revenue volatility, though typical for foundations, requires careful financial management.
Strengths
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Consistent high level of expenses (grantmaking) relative to revenue in many periods, demonstrating commitment to mission.
Substantial and generally stable asset base, providing long-term financial security for its philanthropic activities.
Strong program spending ratio, with virtually all expenditures directed towards grants and mission-related activities.
Spending Breakdown
How Park Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Foundation Inc
Is Park Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Park Foundation Inc (EIN: 166071043) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Park Foundation Inc a good charity to donate to?
Park Foundation Inc has a Mission Score of 90/100. Revenue: $130.2M. Assets: $406.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Park Foundation Inc?
The Employer Identification Number (EIN) for Park Foundation Inc is 166071043. 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 Foundation Inc spend its money?
Park Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Park Foundation Inc's tax-exempt status?
You can verify Park Foundation Inc's tax-exempt status using EIN 166071043 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 Foundation Inc. demonstrates a consistent pattern of significant grantmaking, as evidenced by its substantial expenses relative to revenue in several periods, such as 202312 where expenses were $33,679,514 against revenues of $13,991,627. As a private foundation, its primary function is to distribute funds, which it appears to do effectively. The organization's assets have fluctuated, reaching a high of $505,545,130 in 202112, indicating a robust endowment that supports its ongoing operations and grantmaking capacity. The absence of reported officer compensation across all filings suggests a high degree of financial efficiency and a focus on mission-related spending rather than administrative overhead for executive salaries.
While the organization's revenue can be volatile, as seen by the $75,092,084 in 202112 compared to $13,991,627 in 202312, its asset base provides stability. The consistent expenditure levels, generally in the $20-30 million range annually, indicate a predictable level of philanthropic activity. The lack of reported officer compensation is a strong indicator of transparency and a commitment to directing resources towards its programmatic goals, which is commendable for a foundation of this size.
Overall, Park Foundation Inc. appears to be a financially healthy and efficient private foundation. Its substantial asset base, consistent grantmaking, and zero reported officer compensation point to a well-managed organization focused on its philanthropic mission. The fluctuations in annual revenue are typical for foundations relying on investment returns, but the stable expense levels demonstrate a commitment to consistent impact.