Parents With A Purpose Inc
EIN: 582521988 · Atlanta, GA · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.1M |
| Net Assets | $-99,414 |
Is Parents With A Purpose Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Parents With A Purpose Inc
Parents With A Purpose Inc (EIN: 582521988) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T50. The organization reported total revenue of $3.8M and total assets of $350K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parents With A Purpose Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parents With A Purpose Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-37,460 |
| Total Assets | $93K |
| Total Liabilities | $192K |
| Net Assets | $-99,414 |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 207.0% |
| Months of Reserves | 0.4 months |
Financial Health Grade: D
In 2023, Parents With A Purpose Inc reported a deficit of $37K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 207.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Parents With A Purpose Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.5% | +28.9% | -30.5% |
| 2022 | -7.2% | +11.6% | -57.7% |
| 2021 | +27.9% | +11.7% | +83.7% |
| 2020 | +2.3% | +5.8% | -31.7% |
| 2019 | +34.0% | +38.4% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Parents With A Purpose 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 Parents With A Purpose 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 207.0%.
Frequently Asked Questions about Parents With A Purpose Inc
Is Parents With A Purpose Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parents With A Purpose Inc (EIN: 582521988) insufficient data. 0 red flags identified, 0 strengths noted.
How does Parents With A Purpose Inc spend its money?
Detailed spending breakdown data is not yet available for Parents With A Purpose Inc. Check back for updated IRS 990 analysis.
Are donations to Parents With A Purpose Inc tax-deductible?
Parents With A Purpose Inc is registered as a tax-exempt nonprofit (EIN: 582521988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Parents With A Purpose Inc located?
Parents With A Purpose Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 582521988. It is classified under NTEE code T50.
How many years of IRS 990 filings does Parents With A Purpose Inc have?
Parents With A Purpose Inc has 14 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 $3.8M in total revenue.
Filing History
IRS 990 filing history for Parents With A Purpose Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Parents With A Purpose Inc's revenue has grown by 772.7%, moving from $349K to $3.0M. Total assets decreased by 38.6% over the same period, from $151K to $93K. Total functional expenses rose by 759.6%, from $359K to $3.1M. In its most recent filing year (2023), Parents With A Purpose Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $192K in liabilities against $93K in assets (debt-to-asset ratio: 207.0%), resulting in net assets of $-99,414.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.1M | $93K | $192K | — | — |
| 2022 | $2.1M | $2.4M | $134K | $196K | — | View 990 |
| 2021 | $2.3M | $2.1M | $316K | $123K | — | View 990 |
| 2020 | $1.8M | $1.9M | $172K | $137K | — | View 990 |
| 2019 | $1.8M | $1.8M | $252K | $98K | — | View 990 |
| 2018 | $1.3M | $1.3M | $231K | $24K | — | View 990 |
| 2017 | $1.2M | $1.3M | $234K | $30K | — | View 990 |
| 2016 | $987K | $990K | $249K | $26K | — | — |
| 2015 | $1.1M | $1.1M | $236K | $11K | — | View 990 |
| 2014 | $1.1M | $1.1M | $248K | $20K | — | View 990 |
| 2013 | $991K | $955K | $181K | $7K | — | View 990 |
| 2012 | $471K | $519K | $147K | $8K | — | View 990 |
| 2011 | $367K | $332K | $189K | $3K | — | View 990 |
| 2010 | $349K | $359K | $151K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.1M, and assets of $93K (revenue +42.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.4M, and assets of $134K (revenue -7.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.1M, and assets of $316K (revenue +27.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $172K (revenue +2.3% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $252K (revenue +34.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $231K (revenue +7.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $234K (revenue +23.9% year-over-year).
- 2016: Revenue of $987K, expenses of $990K, and assets of $249K (revenue -6.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $236K (revenue -6.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $248K (revenue +14.1% year-over-year).
- 2013: Revenue of $991K, expenses of $955K, and assets of $181K (revenue +110.2% year-over-year).
- 2012: Revenue of $471K, expenses of $519K, and assets of $147K (revenue +28.6% year-over-year).
- 2011: Revenue of $367K, expenses of $332K, and assets of $189K (revenue +5.1% year-over-year).
- 2010: Revenue of $349K, expenses of $359K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parents With A Purpose Inc:
Data Sources and Methodology
This transparency report for Parents With A Purpose 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.