Park Acquisition Corporation

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Park Acquisition Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Park Acquisition Corporation 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 Park Acquisition Corporation in one place.

Is Park Acquisition Corporation Legit?

Significant 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

Across stored filings, Park Acquisition Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

Park Acquisition Corporation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Park Acquisition Corporation reported a deficit of $97K with expenses exceeding revenue, holds 139.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Park Acquisition Corporation's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $97K, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.1%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Park Acquisition Corporation:

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.