Is Parks Alliance Of Louisville Inc Legit?…

Quick charity verification for Parks Alliance Of Louisville Inc (EIN: 204372292)

Spending Breakdown

How Parks Alliance Of Louisville Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Parks Alliance Of Louisville Inc

Is Parks Alliance Of Louisville Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Parks Alliance Of Louisville Inc (EIN: 204372292) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Parks Alliance Of Louisville Inc a good charity to donate to?

Parks Alliance Of Louisville Inc has a Mission Score of 75/100. Revenue: $3.8M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Parks Alliance Of Louisville Inc?

The Employer Identification Number (EIN) for Parks Alliance Of Louisville Inc is 204372292. 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 Parks Alliance Of Louisville Inc spend its money?

Parks Alliance Of Louisville Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Parks Alliance Of Louisville Inc's tax-exempt status?

You can verify Parks Alliance Of Louisville Inc's tax-exempt status using EIN 204372292 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 Parks Alliance Of Louisville Inc has demonstrated significant growth in revenue and expenses over the past few years, indicating an expansion of its operations. In the 2023 fiscal period, the organization reported revenues of $5,500,257 and expenses of $6,019,118, resulting in a deficit for the year. This follows a period of strong revenue in 2021 ($4,767,335) and 2022 ($3,490,062) where revenues generally outpaced expenses. The organization's assets have fluctuated, with a notable decrease from $4,061,923 in 2022 to $3,425,727 in 2023, while liabilities remained relatively low at $141,212 in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission, or that executive compensation is not reported in this specific field, which warrants further investigation into their detailed expense breakdown for administrative costs.

While the organization has shown substantial financial activity, the deficit in 2023 where expenses exceeded revenue by over $500,000 is a point to monitor for sustainability. However, given the significant revenue growth from $269,799 in 2020 to over $5 million in 2023, the organization appears to be scaling its operations rapidly. The NTEE code C99 indicates a focus on environmental quality, protection, and beautification, which aligns with a 'Parks Alliance'. The lack of reported officer compensation in the summary data is a positive indicator for transparency regarding executive pay, assuming it is not simply omitted from this specific data point and is instead captured within general administrative expenses.

Overall, the Parks Alliance Of Louisville Inc appears to be a dynamic organization with a growing financial footprint. Its ability to attract significant funding suggests strong donor confidence. The key areas for further scrutiny would be the detailed breakdown of expenses to ensure efficient program spending and to understand the nature of the 2023 deficit, as well as to confirm how executive compensation is truly handled and reported within their full financial statements.

Is Parks Alliance Of Louisville Inc Legit?

Verdict: Parks Alliance Of Louisville Inc appears trustworthy

Red Flags

Strengths