Park Family Foundation
Park Family Foundation's assets have declined by over $14 million in a decade, with expenses frequently exceeding revenue.
EIN: 200791170 · Medina, OH · NTEE: T22 · Updated: 2026-03-28
Is Park Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Park Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Park Family Foundation
Park Family Foundation (EIN: 200791170) is a nonprofit organization based in Medina, OH, classified under NTEE code T22. The organization reported total revenue of $11.2M and total assets of $37.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Park Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Park Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership does not draw a salary, which is highly favorable for resource allocation.
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 Family Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, from $49M to $34M.
- Expenses frequently exceed revenue, as seen in 2023 ($3.7M expenses vs. $1.4M revenue).
Strengths
The following positive indicators were identified for Park Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Very low liabilities reported ($0 or $1 across all filings), indicating strong financial solvency in terms of debt.
Frequently Asked Questions about Park Family Foundation
Is Park Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Park Family Foundation (EIN: 200791170) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Park Family Foundation spend its money?
Park Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Park Family Foundation tax-deductible?
Park Family Foundation is registered as a tax-exempt nonprofit (EIN: 200791170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Park Family Foundation a good charity?
As a private foundation, its 'goodness' is measured by its grantmaking and impact, which isn't fully detailed here. However, its zero executive compensation and consistent filings are positive indicators of responsible management.
Why are the assets declining?
The consistent decline in assets from $49,064,242 in 2011 to $34,860,310 in 2023 suggests that the foundation's distributions and operational expenses have outpaced its investment returns and contributions over this period.
What is the foundation's primary source of revenue?
While not explicitly detailed in the provided data, for a private foundation, revenue typically comes from investment income and contributions. The fluctuating revenue figures, such as $1,457,299 in 2023 and $4,878,205 in 2020, suggest a reliance on varied income streams.
Filing History
IRS 990 filing history for Park Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Park Family Foundation's revenue has declined by 42.7%, moving from $2.5M to $1.5M. Total assets decreased by 28.9% over the same period, from $49.1M to $34.9M. Total functional expenses rose by 48%, from $2.5M to $3.8M. In its most recent filing year (2023), Park Family Foundation reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $34.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $3.8M | $34.9M | $1 | — | — |
| 2022 | $378K | $4.3M | $37.7M | $1 | — | View 990 |
| 2021 | $1.5M | $3.4M | $41.6M | $1 | — | View 990 |
| 2020 | $4.9M | $3.9M | $43.5M | $1 | — | View 990 |
| 2019 | $1.5M | $2.9M | $42.8M | $0 | — | View 990 |
| 2015 | $2.3M | $2.8M | $48.6M | $0 | — | View 990 |
| 2014 | $2.4M | $2.2M | $48.9M | $0 | — | View 990 |
| 2013 | $2.9M | $6.5M | $48.6M | $0 | — | View 990 |
| 2012 | $2.7M | $2.7M | $49.1M | $0 | — | View 990 |
| 2011 | $2.5M | $2.5M | $49.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $3.8M, and assets of $34.9M (revenue +285.8% year-over-year).
- 2022: Revenue of $378K, expenses of $4.3M, and assets of $37.7M (revenue -74.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $3.4M, and assets of $41.6M (revenue -69.4% year-over-year).
- 2020: Revenue of $4.9M, expenses of $3.9M, and assets of $43.5M (revenue +223.0% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.9M, and assets of $42.8M (revenue -34.8% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.8M, and assets of $48.6M (revenue -5.0% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $48.9M (revenue -15.9% year-over-year).
- 2013: Revenue of $2.9M, expenses of $6.5M, and assets of $48.6M (revenue +8.9% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.7M, and assets of $49.1M (revenue +4.6% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.5M, and assets of $49.1M.
Data Sources and Methodology
This transparency report for Park Family 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.