Mary Morton Parsons Foundation
EIN: 541530891 · Richmond, VA
| Metric | Value |
|---|---|
| Total Revenue | $43.5M |
| Total Expenses | $8.1M |
| Net Assets | $131.3M |
Is Mary Morton Parsons Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mary Morton Parsons Foundation
Mary Morton Parsons Foundation (EIN: 541530891) is a nonprofit organization based in Richmond, VA. The organization reported total revenue of $43.5M and total assets of $137.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Morton Parsons Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Morton Parsons Foundation is a large nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $8.1M |
| Surplus / Deficit | +$954K |
| Total Assets | $131.9M |
| Total Liabilities | $632K |
| Net Assets | $131.3M |
| Operating Margin | 10.6% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 196.0 months |
Financial Health Grade: A
In 2023, Mary Morton Parsons Foundation reported a surplus of $954K with revenue exceeding expenses, holds 196.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mary Morton Parsons Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.3% | -0.5% | +12.2% |
| 2022 | -52.4% | +11.9% | -21.0% |
| 2021 | +234.5% | -2.3% | +13.9% |
| 2020 | -63.0% | -16.5% | +6.2% |
| 2019 | +47.7% | +14.6% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mary Morton Parsons Foundation 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 Mary Morton Parsons Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $954K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Mary Morton Parsons Foundation
Is Mary Morton Parsons Foundation a legitimate charity?
Mary Morton Parsons Foundation (EIN: 541530891) is a registered tax-exempt nonprofit based in Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $43.5M. No red flags identified. Financial health grade: A.
How does Mary Morton Parsons Foundation spend its money?
Mary Morton Parsons Foundation reported $43.5M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mary Morton Parsons Foundation tax-deductible?
Mary Morton Parsons Foundation is registered as a tax-exempt nonprofit (EIN: 541530891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mary Morton Parsons Foundation located?
Mary Morton Parsons Foundation is headquartered in Richmond, Virginia and files with the IRS under EIN 541530891.
How many years of IRS 990 filings does Mary Morton Parsons Foundation have?
Mary Morton Parsons Foundation 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 $43.5M in total revenue.
Filing History
IRS 990 filing history for Mary Morton Parsons Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mary Morton Parsons Foundation's revenue has grown by 167.3%, moving from $3.4M to $9.0M. Total assets increased by 55.6% over the same period, from $84.8M to $131.9M. Total functional expenses rose by 67.2%, from $4.8M to $8.1M. In its most recent filing year (2023), Mary Morton Parsons Foundation reported a surplus of $954K, with revenue exceeding expenses. The organization holds $632K in liabilities against $131.9M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $131.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $8.1M | $131.9M | $632K | — | View 990 |
| 2022 | $6.8M | $8.1M | $117.5M | $454K | — | View 990 |
| 2021 | $14.3M | $7.3M | $148.8M | $863K | — | View 990 |
| 2020 | $4.3M | $7.4M | $130.6M | $712K | — | — |
| 2019 | $11.6M | $8.9M | $123.0M | $493K | — | — |
| 2015 | $7.8M | $7.8M | $107.5M | $6.1M | — | View 990 |
| 2014 | $12.1M | $7.4M | $115.0M | $4.9M | — | View 990 |
| 2013 | $11.5M | $5.9M | $111.5M | $5.3M | — | View 990 |
| 2012 | $5.8M | $5.1M | $93.2M | $2.1M | — | View 990 |
| 2011 | $3.4M | $4.8M | $84.8M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $8.1M, and assets of $131.9M (revenue +32.3% year-over-year).
- 2022: Revenue of $6.8M, expenses of $8.1M, and assets of $117.5M (revenue -52.4% year-over-year).
- 2021: Revenue of $14.3M, expenses of $7.3M, and assets of $148.8M (revenue +234.5% year-over-year).
- 2020: Revenue of $4.3M, expenses of $7.4M, and assets of $130.6M (revenue -63.0% year-over-year).
- 2019: Revenue of $11.6M, expenses of $8.9M, and assets of $123.0M (revenue +47.7% year-over-year).
- 2015: Revenue of $7.8M, expenses of $7.8M, and assets of $107.5M (revenue -35.4% year-over-year).
- 2014: Revenue of $12.1M, expenses of $7.4M, and assets of $115.0M (revenue +5.8% year-over-year).
- 2013: Revenue of $11.5M, expenses of $5.9M, and assets of $111.5M (revenue +98.8% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.1M, and assets of $93.2M (revenue +70.9% year-over-year).
- 2011: Revenue of $3.4M, expenses of $4.8M, and assets of $84.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Morton Parsons Foundation:
Data Sources and Methodology
This transparency report for Mary Morton Parsons Foundation 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.