21 St Century Parks Endowment Inc
21st Century Parks Endowment Inc. maintains over $100M in assets despite recent expenses exceeding revenue.
EIN: 208834817 · Louisville, KY · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $8.9M |
| Program Spending | 90% |
| Net Assets | $95.3M |
| Transparency Score | 90/100 |
Is 21 St Century Parks Endowment Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
21 St Century Parks Endowment Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 21 St Century Parks Endowment Inc
21 St Century Parks Endowment Inc (EIN: 208834817) is a nonprofit organization based in Louisville, KY, classified under NTEE code N32. The organization reported total revenue of $5.4M and total assets of $106.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 21 St Century Parks Endowment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
21 St Century Parks Endowment Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $8.9M |
| Surplus / Deficit | $-4,084,855 |
| Total Assets | $95.5M |
| Total Liabilities | $211K |
| Net Assets | $95.3M |
| Operating Margin | -84.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 128.7 months |
Financial Health Grade: B
In 2024, 21 St Century Parks Endowment Inc reported a deficit of $4.1M with expenses exceeding revenue, holds 128.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), 21 St Century Parks Endowment Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -36.4% | +449.9% | +8.8% |
| 2023 | -55.0% | +6.0% | +17.4% |
| 2022 | +42.5% | +51.9% | +10.9% |
| 2021 | +129.0% | +24.9% | +36.7% |
| 2020 | +41.2% | +0.4% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 21 St Century Parks Endowment Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, 21 St Century Parks Endowment Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive direct compensation from the organization, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 21 St Century Parks Endowment Inc's IRS 990 filings:
- Expenses significantly exceeded revenue in the latest fiscal period (202406), with $8.9M in expenses against $4.8M in revenue.
Strengths
The following positive indicators were identified for 21 St Century Parks Endowment Inc:
- Substantial and growing asset base, exceeding $106 million in the latest period.
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and transparency regarding executive pay.
- Strong history of financial reporting with 13 IRS 990 filings.
- Low liabilities relative to assets, with liabilities at $210,729 against $106,467,335 in assets in the latest period.
Frequently Asked Questions about 21 St Century Parks Endowment Inc
Is 21 St Century Parks Endowment Inc a legitimate charity?
21 St Century Parks Endowment Inc (EIN: 208834817) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does 21 St Century Parks Endowment Inc spend its money?
21 St Century Parks Endowment Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 21 St Century Parks Endowment Inc tax-deductible?
21 St Century Parks Endowment Inc is registered as a tax-exempt nonprofit (EIN: 208834817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 21 St Century Parks Endowment Inc's spending goes to programs?
21 St Century Parks Endowment Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 21 St Century Parks Endowment Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), 21 St Century Parks Endowment Inc is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 21 St Century Parks Endowment Inc located?
21 St Century Parks Endowment Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 208834817. It is classified under NTEE code N32.
How many years of IRS 990 filings does 21 St Century Parks Endowment Inc have?
21 St Century Parks Endowment Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
Is 21st Century Parks Endowment Inc. financially stable?
Yes, the organization is financially stable, possessing over $106 million in assets as of the latest filing, despite expenses exceeding revenue in the 2024 period. This substantial asset base provides a strong foundation for long-term operations.
How does 21st Century Parks Endowment Inc. manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, meaning no officers receive salaries or other compensation directly from the organization.
What is the trend in the organization's revenue?
Revenue has been highly variable, peaking at $16.8 million in 2022, then decreasing to $4.8 million in 2024. This fluctuation is common for endowments that may receive large, infrequent donations or investment gains.
Did the organization operate at a deficit in its latest fiscal period?
Yes, in the 202406 period, expenses ($8,901,710) significantly exceeded revenue ($4,816,855), indicating a deficit for that specific year, likely covered by its substantial endowment.
Filing History
IRS 990 filing history for 21 St Century Parks Endowment Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), 21 St Century Parks Endowment Inc's revenue has grown by 432.2%, moving from $905K to $4.8M. Total assets increased by 789.1% over the same period, from $10.7M to $95.5M. Total functional expenses rose by 30861.4%, from $29K to $8.9M. In its most recent filing year (2024), 21 St Century Parks Endowment Inc reported a deficit of $4.1M, with expenses exceeding revenue. The organization holds $211K in liabilities against $95.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $95.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.8M | $8.9M | $95.5M | $211K | — | View 990 |
| 2023 | $7.6M | $1.6M | $87.7M | $221K | — | View 990 |
| 2022 | $16.8M | $1.5M | $74.7M | $208K | — | View 990 |
| 2021 | $11.8M | $1.0M | $67.4M | $217K | — | View 990 |
| 2020 | $5.2M | $806K | $49.3M | $239K | — | View 990 |
| 2019 | $3.7M | $802K | $43.8M | $337K | — | View 990 |
| 2018 | $853K | $334K | $40.7M | $359K | — | View 990 |
| 2017 | $1.0M | $116K | $38.0M | $372K | — | View 990 |
| 2016 | $734K | $87K | $34.2M | $390K | — | View 990 |
| 2015 | $2.8M | $32K | $34.0M | $408K | — | View 990 |
| 2014 | $1.4M | $14K | $31.0M | $429K | — | View 990 |
| 2013 | $16.5M | $35K | $28.0M | $447K | — | View 990 |
| 2012 | $905K | $29K | $10.7M | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.8M, expenses of $8.9M, and assets of $95.5M (revenue -36.4% year-over-year).
- 2023: Revenue of $7.6M, expenses of $1.6M, and assets of $87.7M (revenue -55.0% year-over-year).
- 2022: Revenue of $16.8M, expenses of $1.5M, and assets of $74.7M (revenue +42.5% year-over-year).
- 2021: Revenue of $11.8M, expenses of $1.0M, and assets of $67.4M (revenue +129.0% year-over-year).
- 2020: Revenue of $5.2M, expenses of $806K, and assets of $49.3M (revenue +41.2% year-over-year).
- 2019: Revenue of $3.7M, expenses of $802K, and assets of $43.8M (revenue +328.3% year-over-year).
- 2018: Revenue of $853K, expenses of $334K, and assets of $40.7M (revenue -16.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $116K, and assets of $38.0M (revenue +39.4% year-over-year).
- 2016: Revenue of $734K, expenses of $87K, and assets of $34.2M (revenue -73.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $32K, and assets of $34.0M (revenue +100.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $14K, and assets of $31.0M (revenue -91.5% year-over-year).
- 2013: Revenue of $16.5M, expenses of $35K, and assets of $28.0M (revenue +1721.4% year-over-year).
- 2012: Revenue of $905K, expenses of $29K, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 21 St Century Parks Endowment Inc:
Data Sources and Methodology
This transparency report for 21 St Century Parks Endowment Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.