Francis E Parker Memorial Home

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Francis E Parker Memorial Home Form 990, Revenue, CEO Pay, and IRS Filing Signals

Francis E Parker Memorial Home is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Francis E Parker Memorial Home in one place.

Is Francis E Parker Memorial Home Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Francis E Parker Memorial Home shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Francis E Parker Memorial Home directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Francis E Parker Memorial Home

Francis E Parker Memorial Home (EIN: 221589209) is a nonprofit organization based in Piscataway, NJ, classified under NTEE code E910. The organization reported total revenue of $12.1M and total assets of $14.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis E Parker Memorial Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Francis E Parker Memorial Home is a large nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Francis E Parker Memorial Home reported a deficit of $21.5M with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 4.5% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Francis E Parker Memorial Home's revenue has declined at a compound annual growth rate (CAGR) of -18.8%.

IRS Tax-Exempt Classification

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 Francis E Parker Memorial Home with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Francis E Parker Memorial Home allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $21.5M, with expenses exceeding revenue.
• Debt-to-asset ratio: 4.5%.

Executive Compensation Analysis

Executive compensation cannot be assessed without specific compensation figures from the organization's Form 990 filings.

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 Francis E Parker Memorial Home's IRS 990 filings:

• Significant asset fluctuations observed, with assets dropping from $1.57 billion in 2017 to $14.2 million in 2023, warranting further investigation into the nature of these assets and the reasons for such a dramatic change.
• Expenses consistently exceed revenue in recent years (e.g., 2023 revenue $9.8M vs. expenses $31.3M), indicating reliance on other funding sources or asset drawdowns.

Strengths

The following positive indicators were identified for Francis E Parker Memorial Home:

• Consistent revenue generation over the past five years, averaging around $8-9 million annually (excluding 2017-2018 anomalies).
• Long-standing presence and operations in Piscataway, NJ, suggesting established community trust and service delivery.

Frequently Asked Questions about Francis E Parker Memorial Home

Filing History

IRS 990 filing history for Francis E Parker Memorial Home showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Francis E Parker Memorial Home's revenue has declined by 91.8%, moving from $119.7M to $9.8M. Total assets decreased by 98.7% over the same period, from $986.1M to $12.9M. Total functional expenses rose by 53.5%, from $20.4M to $31.4M. In its most recent filing year (2023), Francis E Parker Memorial Home reported a deficit of $21.5M, with expenses exceeding revenue. The organization holds $582K in liabilities against $12.9M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $12.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $9.8M, expenses of $31.4M, and assets of $12.9M (revenue +4.6% year-over-year).
• 2022: Revenue of $9.4M, expenses of $24.8M, and assets of $15.9M (revenue -1.2% year-over-year).
• 2021: Revenue of $9.5M, expenses of $22.9M, and assets of $17.9M (revenue +36.9% year-over-year).
• 2020: Revenue of $6.9M, expenses of $21.9M, and assets of $13.8M (revenue -5.0% year-over-year).
• 2019: Revenue of $7.3M, expenses of $23.4M, and assets of $14.5M (revenue +1.6% year-over-year).
• 2018: Revenue of $7.2M, expenses of $23.0M, and assets of $38.0M (revenue -93.6% year-over-year).
• 2017: Revenue of $112.5M, expenses of $25.7M, and assets of $1.6B (revenue +3.1% year-over-year).
• 2016: Revenue of $109.1M, expenses of $24.9M, and assets of $1.3B (revenue +98.3% year-over-year).
• 2015: Revenue of $55.0M, expenses of $24.5M, and assets of $1.3B (revenue -62.5% year-over-year).
• 2014: Revenue of $146.6M, expenses of $23.8M, and assets of $1.3B (revenue -7.4% year-over-year).
• 2013: Revenue of $158.3M, expenses of $22.6M, and assets of $1.3B (revenue +27.5% year-over-year).
• 2012: Revenue of $124.1M, expenses of $21.6M, and assets of $1.1B (revenue +3.7% year-over-year).
• 2011: Revenue of $119.7M, expenses of $20.4M, and assets of $986.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Francis E Parker Memorial Home:

Data Sources and Methodology

This transparency report for Francis E Parker Memorial Home 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.