Park Acquisition Corporation

Park Acquisition Corporation faces persistent operating deficits and declining assets, raising sustainability concerns.

EIN: 202523471 · Woodville, MS · NTEE: C50 · Updated: 2026-03-28

$103KRevenue

$2.0MAssets

45/100Mission Score (Fair)

C50

Is Park Acquisition Corporation Legit?

Significant Concerns

GoodFiling Consistency

GoodSpending Efficiency

ModerateTransparency

3 FoundRed Flags

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

Park Acquisition Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Park Acquisition Corporation

Park Acquisition Corporation (EIN: 202523471) is a nonprofit organization based in Woodville, MS, classified under NTEE code C50. The organization reported total revenue of $103K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Acquisition Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Park Acquisition Corporation exhibits a concerning trend of declining revenue and increasing net losses over the past several years. In 2023, the organization reported revenue of $82,666 against expenses of $179,662, resulting in a significant deficit. This pattern of expenses consistently exceeding revenue has been present since at least 2020, with the gap widening in recent periods. While the organization maintains substantial assets of over $2 million, these assets have also been steadily decreasing, from $2,519,827 in 2019 to $2,093,458 in 2023, suggesting a reliance on drawing down reserves to cover operational costs.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficits raise questions about the sustainability of its current financial model. The absence of reported officer compensation is a positive indicator of cost control at the executive level, but the overall financial trajectory suggests a need for strategic review of revenue generation and expense management. Transparency regarding the allocation of its significant expenses would further clarify its operational efficiency.

Despite the financial challenges, the organization has consistently filed its IRS 990 forms, indicating a commitment to regulatory compliance. The lack of reported liabilities in most years, with the exception of 2023 ($1,366,000) and 2022 ($3,662), suggests that the organization generally avoids significant debt, though the sudden increase in liabilities in 2023 warrants further investigation. The long-term decline in assets, coupled with persistent operating losses, points to a need for improved financial planning and potentially new funding strategies to ensure long-term viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Park Acquisition Corporation with a Mission Score of 45 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, Park Acquisition Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is a positive sign for minimizing administrative 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 Park Acquisition Corporation's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue) since at least 2020.
Steady decline in total assets over the past several years, from $2.5M in 2019 to $2.09M in 2023.
Significant and unexplained increase in liabilities to $1,366,000 in 2023 from minimal levels in prior years.

Strengths

The following positive indicators were identified for Park Acquisition Corporation:

No reported officer compensation, indicating efficient use of funds at the executive level.
Consistent filing of IRS 990 forms, demonstrating regulatory compliance.
Maintains substantial assets (over $2 million), providing a buffer despite recent declines.

Frequently Asked Questions about Park Acquisition Corporation

Is Park Acquisition Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Park Acquisition Corporation (EIN: 202523471) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.

How does Park Acquisition Corporation spend its money?

Park Acquisition Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Park Acquisition Corporation tax-deductible?

Park Acquisition Corporation is registered as a tax-exempt nonprofit (EIN: 202523471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Park Acquisition Corporation financially sustainable given its consistent operating losses?

The organization has consistently spent more than it earned since at least 2020, with expenses of $179,662 against revenue of $82,666 in 2023. This trend, coupled with declining assets, suggests a significant challenge to long-term financial sustainability.

What caused the substantial increase in liabilities in 2023 to $1,366,000?

The provided data shows a dramatic increase in liabilities from $3,662 in 2022 to $1,366,000 in 2023. This sudden and large increase warrants further investigation into the nature of these liabilities and their impact on the organization's financial health.

How does Park Acquisition Corporation plan to address its declining asset base?

The organization's assets have decreased from $2,519,827 in 2019 to $2,093,458 in 2023. This decline, likely used to cover operating deficits, indicates a need for a strategy to either increase revenue or reduce expenses to preserve its asset base.

Filing History

IRS 990 filing history for Park Acquisition Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Park Acquisition Corporation's revenue has declined by 54.5%, moving from $182K to $83K. Total assets increased by 34.3% over the same period, from $1.6M to $2.1M. Total functional expenses rose by 1203.5%, from $14K to $180K. In its most recent filing year (2023), Park Acquisition Corporation reported a deficit of $97K, with expenses exceeding revenue. The organization holds $1K in liabilities against $2.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$83K	$180K	$2.1M	$1K	—	—
2022	$69K	$190K	$2.2M	$4K	—	View 990
2021	$56K	$167K	$2.3M	$890	—	View 990
2020	$59K	$158K	$2.4M	$0	—	—
2019	$175K	$196K	$2.5M	$0	—	View 990
2018	$279K	$181K	$2.5M	$0	—	View 990
2017	$235K	$185K	$2.4M	$0	—	—
2016	$331K	$169K	$2.4M	$0	—	View 990
2015	$488K	$153K	$2.2M	$0	—	View 990
2014	$389K	$232K	$1.9M	$0	—	View 990
2013	$131K	$78K	$1.7M	$0	—	View 990
2012	$208K	$80K	$1.7M	$0	—	View 990
2011	$182K	$14K	$1.6M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $83K, expenses of $180K, and assets of $2.1M (revenue +19.2% year-over-year).
2022: Revenue of $69K, expenses of $190K, and assets of $2.2M (revenue +24.8% year-over-year).
2021: Revenue of $56K, expenses of $167K, and assets of $2.3M (revenue -6.3% year-over-year).
2020: Revenue of $59K, expenses of $158K, and assets of $2.4M (revenue -66.1% year-over-year).
2019: Revenue of $175K, expenses of $196K, and assets of $2.5M (revenue -37.2% year-over-year).
2018: Revenue of $279K, expenses of $181K, and assets of $2.5M (revenue +18.8% year-over-year).
2017: Revenue of $235K, expenses of $185K, and assets of $2.4M (revenue -29.1% year-over-year).
2016: Revenue of $331K, expenses of $169K, and assets of $2.4M (revenue -32.1% year-over-year).
2015: Revenue of $488K, expenses of $153K, and assets of $2.2M (revenue +25.3% year-over-year).
2014: Revenue of $389K, expenses of $232K, and assets of $1.9M (revenue +196.7% year-over-year).
2013: Revenue of $131K, expenses of $78K, and assets of $1.7M (revenue -36.9% year-over-year).
2012: Revenue of $208K, expenses of $80K, and assets of $1.7M (revenue +14.4% year-over-year).
2011: Revenue of $182K, expenses of $14K, and assets of $1.6M.

Data Sources and Methodology

This transparency report for Park Acquisition Corporation 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.

Park Acquisition Corporation

Is Park Acquisition Corporation Legit?

About Park Acquisition Corporation

AI Transparency Report

Mission Effectiveness Score

Spending Breakdown

Executive Compensation Analysis

Red Flags

Strengths

Frequently Asked Questions about Park Acquisition Corporation

Filing History

Year-by-Year Financial Summary

Data Sources and Methodology

Disclaimer

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