M L Parrish Family Foundation Inc
M L Parrish Family Foundation consistently operates at a deficit, drawing down assets.
EIN: 208076892 · Pikeville, KY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $593K |
| Total Expenses | $87K |
| Program Spending | 70% |
| Net Assets | $968K |
| Transparency Score | 55/100 |
Search Intent Cockpit
M L Parrish Family Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
M L Parrish Family Foundation Inc 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 M L Parrish Family Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $3K and expenses of $87K.
Revenue and Expenses
M L Parrish Family Foundation Inc reported $3K in revenue and $87K in expenses, a deficit of $83K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
55/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is M L Parrish Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $61K (70%) |
Across stored filings, M L Parrish Family Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Carriage Museum Of America | Kentucky and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Pikeville, KY nonprofitsPhilanthropy in Kentucky
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
M L Parrish Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About M L Parrish Family Foundation Inc
M L Parrish Family Foundation Inc (EIN: 208076892) is a nonprofit organization based in Pikeville, KY, classified under NTEE code T22. The organization reported total revenue of $593K and total assets of $961K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M L Parrish Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M L Parrish Family Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $87K |
| Surplus / Deficit | $-83,360 |
| Total Assets | $968K |
| Total Liabilities | $1 |
| Net Assets | $968K |
| Operating Margin | -2648.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.3 months |
Financial Health Grade: B
In 2023, M L Parrish Family Foundation Inc reported a deficit of $83K with expenses exceeding revenue, holds 134.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), M L Parrish Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -94.4% | -34.3% | -7.9% |
| 2022 | -70.5% | -20.6% | -6.7% |
| 2021 | +162.0% | -15.7% | +2.4% |
| 2020 | +34.2% | +55.9% | -10.1% |
| 2019 | -31.6% | -14.6% | -4.6% |
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 M L Parrish Family Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, M L Parrish Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, suggesting a volunteer-led structure or that compensation is covered by other entities, which is positive for minimizing overhead.
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 M L Parrish Family Foundation Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $3,147 revenue vs. $86,507 expenses in 2023)
- Declining asset base over time (from $1.2M in 2011 to $967K in 2023)
- Revenue consistently insufficient to cover expenses across multiple periods
Strengths
The following positive indicators were identified for M L Parrish Family Foundation Inc:
- No reported officer compensation, indicating potential volunteer leadership
- Minimal to no liabilities reported across all filing periods
- Maintains a substantial asset base despite consistent deficits
Frequently Asked Questions about M L Parrish Family Foundation Inc
Is M L Parrish Family Foundation Inc a legitimate charity?
M L Parrish Family Foundation Inc (EIN: 208076892) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $593K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does M L Parrish Family Foundation Inc spend its money?
M L Parrish Family Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to M L Parrish Family Foundation Inc tax-deductible?
M L Parrish Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208076892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of M L Parrish Family Foundation Inc's spending goes to programs?
M L Parrish Family Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does M L Parrish Family Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), M L Parrish Family Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is M L Parrish Family Foundation Inc located?
M L Parrish Family Foundation Inc is headquartered in Pikeville, Kentucky and files with the IRS under EIN 208076892. It is classified under NTEE code T22.
How many years of IRS 990 filings does M L Parrish Family Foundation Inc have?
M L Parrish Family Foundation Inc has 10 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 $593K in total revenue.
How does the M L Parrish Family Foundation Inc. plan to address its consistent operating deficits?
The provided data shows consistent expenses exceeding revenue, leading to a reduction in assets from $1,233,811 in 2011 to $967,948 in 2023. The foundation needs a strategy to either increase revenue or significantly reduce expenses to achieve financial sustainability.
What is the specific breakdown of program versus administrative expenses?
The provided IRS 990 data summary does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency.
What is the long-term strategy for the foundation given the declining asset base?
With assets decreasing from $1.2M to under $1M over a decade due to consistent deficits, the foundation's long-term viability as an independent entity is questionable without a significant change in financial operations.
Filing History
IRS 990 filing history for M L Parrish Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), M L Parrish Family Foundation Inc's revenue has declined by 96.6%, moving from $93K to $3K. Total assets decreased by 21.5% over the same period, from $1.2M to $968K. Total functional expenses rose by 26.8%, from $68K to $87K. In its most recent filing year (2023), M L Parrish Family Foundation Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $1 in liabilities against $968K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $968K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $87K | $968K | $1 | — | — |
| 2022 | $57K | $132K | $1.1M | $1 | — | — |
| 2021 | $192K | $166K | $1.1M | $1 | — | — |
| 2020 | $73K | $196K | $1.1M | $1 | — | — |
| 2019 | $55K | $126K | $1.2M | $1 | — | View 990 |
| 2015 | $80K | $147K | $1.3M | $0 | — | View 990 |
| 2014 | $116K | $86K | $1.4M | $0 | — | View 990 |
| 2013 | $156K | $69K | $1.3M | $0 | — | View 990 |
| 2012 | $70K | $68K | $1.2M | $0 | — | View 990 |
| 2011 | $93K | $68K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $87K, and assets of $968K (revenue -94.4% year-over-year).
- 2022: Revenue of $57K, expenses of $132K, and assets of $1.1M (revenue -70.5% year-over-year).
- 2021: Revenue of $192K, expenses of $166K, and assets of $1.1M (revenue +162.0% year-over-year).
- 2020: Revenue of $73K, expenses of $196K, and assets of $1.1M (revenue +34.2% year-over-year).
- 2019: Revenue of $55K, expenses of $126K, and assets of $1.2M (revenue -31.6% year-over-year).
- 2015: Revenue of $80K, expenses of $147K, and assets of $1.3M (revenue -31.5% year-over-year).
- 2014: Revenue of $116K, expenses of $86K, and assets of $1.4M (revenue -25.3% year-over-year).
- 2013: Revenue of $156K, expenses of $69K, and assets of $1.3M (revenue +122.1% year-over-year).
- 2012: Revenue of $70K, expenses of $68K, and assets of $1.2M (revenue -24.9% year-over-year).
- 2011: Revenue of $93K, expenses of $68K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M L Parrish Family Foundation Inc:
Data Sources and Methodology
This transparency report for M L Parrish Family Foundation 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.