Significant growth in assets over the past decade, from $86,085 in 2014 to $1,653,553 currently.
Maintains a healthy asset-to-liability ratio, suggesting good financial health and ability to cover obligations.
Spending Breakdown
How Parsons Dance Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Parsons Dance Foundation Inc
Is Parsons Dance Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parsons Dance Foundation Inc (EIN: 133376271) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is Parsons Dance Foundation Inc a good charity to donate to?
Parsons Dance Foundation Inc has a Mission Score of 90/100. Revenue: $2.5M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Parsons Dance Foundation Inc?
The Employer Identification Number (EIN) for Parsons Dance Foundation Inc is 133376271. 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 Parsons Dance Foundation Inc spend its money?
Parsons Dance Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Parsons Dance Foundation Inc's tax-exempt status?
You can verify Parsons Dance Foundation Inc's tax-exempt status using EIN 133376271 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
Parsons Dance Foundation Inc. demonstrates a fluctuating but generally stable financial position over the past decade. While revenue and expenses have varied significantly year-to-year, such as a peak revenue of $2,563,565 in 2017 and a low of $1,042,405 in 2018, the organization has consistently maintained positive assets, reaching $1,653,553 in its latest filing. The organization's liabilities have also seen fluctuations, but generally remain manageable relative to its assets. For instance, in 2023, liabilities were $594,524 against assets of $1,286,327, indicating a healthy financial cushion.
Regarding spending efficiency, the provided data indicates that officer compensation has consistently been reported as 0% across all available filings. This suggests a strong commitment to directing funds towards programmatic activities rather than executive salaries, which is a positive indicator for donors. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all filings suggests a high degree of transparency in this specific area.
Overall, Parsons Dance Foundation appears to be a financially sound organization with a commendable approach to executive compensation. Its ability to manage fluctuating revenues and expenses while maintaining a solid asset base points to responsible financial stewardship. Further detailed expense breakdowns would enhance the transparency report, but the current data suggests a well-managed nonprofit.