Baptist Homes Parrs Rest Inc
EIN: 611372029 · Louisville, KY · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $864K |
| Total Expenses | $2.1M |
| Net Assets | $-17,121 |
Is Baptist Homes Parrs Rest Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Baptist Homes Parrs Rest Inc
Baptist Homes Parrs Rest Inc (EIN: 611372029) is a nonprofit organization based in Louisville, KY, classified under NTEE code L22. The organization reported total revenue of $864K and total assets of $405 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baptist Homes Parrs Rest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baptist Homes Parrs Rest Inc is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -14.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $769K |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-1,281,681 |
| Total Assets | $405 |
| Total Liabilities | $18K |
| Net Assets | $-17,121 |
| Operating Margin | -166.6% |
| Debt-to-Asset Ratio | 4327.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2022, Baptist Homes Parrs Rest Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 4327.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Baptist Homes Parrs Rest Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -70.4% | -23.9% | -100.0% |
| 2021 | -28.4% | -32.5% | +118.1% |
| 2020 | -27.2% | -19.9% | -56.8% |
| 2019 | -4.6% | -1.9% | +139.2% |
| 2018 | +2.3% | +5.1% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Baptist Homes Parrs Rest Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Baptist Homes Parrs Rest Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4327.4%.
Frequently Asked Questions about Baptist Homes Parrs Rest Inc
Is Baptist Homes Parrs Rest Inc a legitimate charity?
Baptist Homes Parrs Rest Inc (EIN: 611372029) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $864K. No red flags identified. Financial health grade: D.
How does Baptist Homes Parrs Rest Inc spend its money?
Baptist Homes Parrs Rest Inc reported $864K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Baptist Homes Parrs Rest Inc tax-deductible?
Baptist Homes Parrs Rest Inc is registered as a tax-exempt nonprofit (EIN: 611372029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Baptist Homes Parrs Rest Inc located?
Baptist Homes Parrs Rest Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 611372029. It is classified under NTEE code L22.
How many years of IRS 990 filings does Baptist Homes Parrs Rest Inc have?
Baptist Homes Parrs Rest Inc has 12 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 $864K in total revenue.
Filing History
IRS 990 filing history for Baptist Homes Parrs Rest Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Baptist Homes Parrs Rest Inc's revenue has declined by 81.3%, moving from $4.1M to $769K. Total assets decreased by 100% over the same period, from $843K to $405. Total functional expenses fell by 46.7%, from $3.8M to $2.1M. In its most recent filing year (2022), Baptist Homes Parrs Rest Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $18K in liabilities against $405 in assets (debt-to-asset ratio: 4327.4%), resulting in net assets of $-17,121.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $769K | $2.1M | $405 | $18K | — | — |
| 2021 | $2.6M | $2.7M | $4.5M | $3.2M | — | — |
| 2020 | $3.6M | $4.0M | $2.0M | $692K | — | View 990 |
| 2019 | $5.0M | $5.0M | $4.7M | $3.0M | — | View 990 |
| 2018 | $5.2M | $5.1M | $2.0M | $291K | — | View 990 |
| 2017 | $5.1M | $4.8M | $1.8M | $283K | — | View 990 |
| 2016 | $4.9M | $4.8M | $1.5M | $257K | — | View 990 |
| 2015 | $4.9M | $4.8M | $1.4M | $244K | — | View 990 |
| 2014 | $4.7M | $4.4M | $1.3M | $225K | — | View 990 |
| 2013 | $4.2M | $4.4M | $970K | $200K | — | View 990 |
| 2012 | $4.3M | $4.0M | $1.2M | $203K | — | View 990 |
| 2011 | $4.1M | $3.8M | $843K | $174K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $769K, expenses of $2.1M, and assets of $405 (revenue -70.4% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.7M, and assets of $4.5M (revenue -28.4% year-over-year).
- 2020: Revenue of $3.6M, expenses of $4.0M, and assets of $2.0M (revenue -27.2% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.0M, and assets of $4.7M (revenue -4.6% year-over-year).
- 2018: Revenue of $5.2M, expenses of $5.1M, and assets of $2.0M (revenue +2.3% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.8M, and assets of $1.8M (revenue +4.9% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.8M, and assets of $1.5M (revenue -0.1% year-over-year).
- 2015: Revenue of $4.9M, expenses of $4.8M, and assets of $1.4M (revenue +3.6% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.4M, and assets of $1.3M (revenue +10.9% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.4M, and assets of $970K (revenue -1.8% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.0M, and assets of $1.2M (revenue +5.2% year-over-year).
- 2011: Revenue of $4.1M, expenses of $3.8M, and assets of $843K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baptist Homes Parrs Rest Inc:
Data Sources and Methodology
This transparency report for Baptist Homes Parrs Rest 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.