21 St Century Parks Inc
21st Century Parks Inc. maintains substantial assets and zero executive compensation despite fluctuating revenues.
EIN: 201780317 · Louisville, KY · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $7.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $97.5M |
| Transparency Score | 92/100 |
Is 21 St Century Parks 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 Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 21 St Century Parks Inc
21 St Century Parks Inc (EIN: 201780317) is a nonprofit organization based in Louisville, KY, classified under NTEE code N32. The organization reported total revenue of $5.9M and total assets of $96.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 21 St Century Parks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
21 St Century Parks Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.1M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$4.6M |
| Total Assets | $97.8M |
| Total Liabilities | $348K |
| Net Assets | $97.5M |
| Operating Margin | 38.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 157.2 months |
Financial Health Grade: A
In 2023, 21 St Century Parks Inc reported a surplus of $4.6M with revenue exceeding expenses, holds 157.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), 21 St Century Parks Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +159.0% | +2.7% | +4.8% |
| 2022 | -5.2% | +3.8% | -3.4% |
| 2021 | +19.0% | +2.5% | -2.5% |
| 2020 | -14.3% | -3.2% | -3.4% |
| 2019 | -15.2% | +0.6% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, 21 St Century Parks Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 13 filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization with assets nearing $100 million and annual expenses in the millions.
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 Inc's IRS 990 filings:
- Consistent operating deficits in several years (e.g., 202212 expenses $7.2M vs revenue $4.6M) indicating reliance on reserves or prior surpluses.
- Gradual decline in total assets over the long term, from $112M in 201512 to $97.8M in 202312, though recent years show stabilization.
Strengths
The following positive indicators were identified for 21 St Century Parks Inc:
- Consistently reports 0% officer compensation across all 13 filings, demonstrating exceptional commitment to directing funds to mission.
- Maintains a very strong asset base of $97,805,389 (202312), providing significant financial stability.
- Clear alignment with NTEE code N32 (Parks and Playgrounds) and substantial assets dedicated to this purpose.
- Positive revenue trend in the latest filing (202312) with revenue ($12.0M) significantly exceeding expenses ($7.4M).
- Comprehensive filing history (13 filings) indicates strong transparency and compliance.
Frequently Asked Questions about 21 St Century Parks Inc
Is 21 St Century Parks Inc a legitimate charity?
21 St Century Parks Inc (EIN: 201780317) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does 21 St Century Parks Inc spend its money?
21 St Century Parks Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to 21 St Century Parks Inc tax-deductible?
21 St Century Parks Inc is registered as a tax-exempt nonprofit (EIN: 201780317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the 21 St Century Parks Inc CEO make?
21 St Century Parks Inc's highest-compensated officer earns $100 annually. The organization reported $5.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of 21 St Century Parks Inc's spending goes to programs?
21 St Century Parks Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 21 St Century Parks Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), 21 St Century Parks 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 Inc located?
21 St Century Parks Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 201780317. It is classified under NTEE code N32.
How many years of IRS 990 filings does 21 St Century Parks Inc have?
21 St Century Parks 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 $5.9M in total revenue.
Is 21st Century Parks Inc. financially stable?
Yes, despite some years where expenses exceeded revenue (e.g., 202212 with $7.2M expenses vs $4.6M revenue), the organization maintains a very strong asset base of $97,805,389 (202312), indicating long-term financial stability and capacity to absorb operational fluctuations.
How does 21st Century Parks Inc. fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, or that the organization's structure allows for significant operational efficiency without direct executive salaries.
What is the trend in the organization's assets?
The organization's assets have gradually decreased from a high of $112,412,421 in 201512 to $97,805,389 in 202312, though they have stabilized and slightly increased from $93,327,584 in 202212, indicating a managed use of capital over time.
Is the organization efficient in its spending?
Yes, the organization appears highly efficient, especially given the 0% officer compensation reported across all filings. This suggests that a very high proportion of funds are directed towards program activities and essential administrative functions rather than executive salaries.
What caused the significant revenue spike in 201412?
The revenue spike to $20,921,408 in 201412, compared to typical revenues around $4-7 million, likely indicates a major capital campaign, large one-time grant, or significant donation received in that period, which contributed to the substantial asset base.
Filing History
IRS 990 filing history for 21 St Century Parks Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 21 St Century Parks Inc's revenue has declined by 37.7%, moving from $19.4M to $12.1M. Total assets increased by 61.9% over the same period, from $60.4M to $97.8M. Total functional expenses rose by 198.1%, from $2.5M to $7.5M. In its most recent filing year (2023), 21 St Century Parks Inc reported a surplus of $4.6M, with revenue exceeding expenses. The organization holds $348K in liabilities against $97.8M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $97.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.1M | $7.5M | $97.8M | $348K | — | View 990 |
| 2022 | $4.7M | $7.3M | $93.3M | $464K | — | View 990 |
| 2021 | $4.9M | $7.0M | $96.6M | $1.1M | — | View 990 |
| 2020 | $4.1M | $6.8M | $99.1M | $1.0M | — | — |
| 2019 | $4.8M | $7.1M | $102.5M | $1.8M | — | View 990 |
| 2018 | $5.7M | $7.0M | $106.1M | $2.9M | — | View 990 |
| 2017 | $4.6M | $6.9M | $107.4M | $2.7M | — | View 990 |
| 2016 | $3.5M | $6.1M | $109.7M | $2.8M | — | View 990 |
| 2015 | $6.9M | $4.1M | $112.4M | $2.9M | — | View 990 |
| 2014 | $20.9M | $3.8M | $108.3M | $1.7M | — | View 990 |
| 2013 | $14.5M | $3.1M | $90.7M | $1.2M | — | View 990 |
| 2012 | $22.3M | $2.3M | $80.6M | $2.5M | — | View 990 |
| 2011 | $19.4M | $2.5M | $60.4M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.1M, expenses of $7.5M, and assets of $97.8M (revenue +159.0% year-over-year).
- 2022: Revenue of $4.7M, expenses of $7.3M, and assets of $93.3M (revenue -5.2% year-over-year).
- 2021: Revenue of $4.9M, expenses of $7.0M, and assets of $96.6M (revenue +19.0% year-over-year).
- 2020: Revenue of $4.1M, expenses of $6.8M, and assets of $99.1M (revenue -14.3% year-over-year).
- 2019: Revenue of $4.8M, expenses of $7.1M, and assets of $102.5M (revenue -15.2% year-over-year).
- 2018: Revenue of $5.7M, expenses of $7.0M, and assets of $106.1M (revenue +23.3% year-over-year).
- 2017: Revenue of $4.6M, expenses of $6.9M, and assets of $107.4M (revenue +30.3% year-over-year).
- 2016: Revenue of $3.5M, expenses of $6.1M, and assets of $109.7M (revenue -48.7% year-over-year).
- 2015: Revenue of $6.9M, expenses of $4.1M, and assets of $112.4M (revenue -67.0% year-over-year).
- 2014: Revenue of $20.9M, expenses of $3.8M, and assets of $108.3M (revenue +44.6% year-over-year).
- 2013: Revenue of $14.5M, expenses of $3.1M, and assets of $90.7M (revenue -35.2% year-over-year).
- 2012: Revenue of $22.3M, expenses of $2.3M, and assets of $80.6M (revenue +15.1% year-over-year).
- 2011: Revenue of $19.4M, expenses of $2.5M, and assets of $60.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 21 St Century Parks Inc:
Data Sources and Methodology
This transparency report for 21 St Century Parks 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.