Park Family Foundation
Park Family Foundation maintains strong asset base and zero officer compensation over a decade.
EIN: 202210340 · Fort Myers, FL · NTEE: T22 · Updated: 2026-03-28
Is Park Family Foundation Legit?
Appears Legitimate
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: 202210340) is a nonprofit organization based in Fort Myers, FL, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $5.1M 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.
Organization Overview
Park Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $907K |
| Total Expenses | $891K |
| Surplus / Deficit | +$16K |
| Total Assets | $4.9M |
| Total Liabilities | $1 |
| Net Assets | $4.9M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.4 months |
Financial Health Grade: A
In 2023, Park Family Foundation reported a surplus of $16K with revenue exceeding expenses, holds 66.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Park Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +1.0% | +0.2% |
| 2022 | -9.7% | +33.5% | -1.7% |
| 2021 | +34.5% | +2.0% | +5.4% |
| 2020 | -11.2% | -29.8% | +0.6% |
| 2019 | -6.2% | +44.4% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Family Foundation with a Mission Score of 95 out of 100 (Excellent). 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all ten available IRS 990 filings, indicating that no officers receive salaries from the foundation, which is highly unusual for an organization of its size with assets over $5 million.
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.
Strengths
The following positive indicators were identified for Park Family Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Strong and growing asset base, exceeding $5 million in the latest period.
- Generally operates with a financial surplus, demonstrating prudent management (e.g., 202312: Revenue $907,155 vs. Expenses $891,307).
- Very low liabilities, often near zero (e.g., $1 in 202312), indicating strong financial health.
- Long history of consistent IRS 990 filings, demonstrating transparency.
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: 202210340) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 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: 202210340). 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?
Based on the available financial data, the Park Family Foundation appears to be a very good charity. It maintains a strong asset base, consistently manages expenses within or below revenue, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the foundation's financial health changed over time?
The foundation has maintained a stable and growing asset base, increasing from $4,680,244 in 2011 to $5,127,096 currently. While revenue and expenses have fluctuated year-to-year, the organization generally operates with a surplus and low liabilities, indicating consistent financial health.
What is the foundation's approach to executive compensation?
The Park Family Foundation has a highly unusual and positive approach to executive compensation, reporting 0% officer compensation in all ten available filings. This means no officers are paid salaries by the foundation, which is a strong indicator of efficiency and mission focus.
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 grown by 32.9%, moving from $682K to $907K. Total assets increased by 5.3% over the same period, from $4.7M to $4.9M. Total functional expenses rose by 153%, from $352K to $891K. In its most recent filing year (2023), Park Family Foundation reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $907K | $891K | $4.9M | $1 | — | — |
| 2022 | $824K | $883K | $4.9M | $8K | — | View 990 |
| 2021 | $913K | $661K | $5.0M | $32K | — | View 990 |
| 2020 | $679K | $648K | $4.7M | $26K | — | View 990 |
| 2019 | $764K | $922K | $4.7M | $28K | — | View 990 |
| 2015 | $815K | $639K | $4.7M | $23K | — | View 990 |
| 2014 | $659K | $613K | $4.5M | $21K | — | View 990 |
| 2013 | $755K | $623K | $4.6M | $44K | — | View 990 |
| 2012 | $1.0M | $1.0M | $4.7M | $278K | — | View 990 |
| 2011 | $682K | $352K | $4.7M | $238K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $907K, expenses of $891K, and assets of $4.9M (revenue +10.1% year-over-year).
- 2022: Revenue of $824K, expenses of $883K, and assets of $4.9M (revenue -9.7% year-over-year).
- 2021: Revenue of $913K, expenses of $661K, and assets of $5.0M (revenue +34.5% year-over-year).
- 2020: Revenue of $679K, expenses of $648K, and assets of $4.7M (revenue -11.2% year-over-year).
- 2019: Revenue of $764K, expenses of $922K, and assets of $4.7M (revenue -6.2% year-over-year).
- 2015: Revenue of $815K, expenses of $639K, and assets of $4.7M (revenue +23.7% year-over-year).
- 2014: Revenue of $659K, expenses of $613K, and assets of $4.5M (revenue -12.7% year-over-year).
- 2013: Revenue of $755K, expenses of $623K, and assets of $4.6M (revenue -24.8% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $4.7M (revenue +46.9% year-over-year).
- 2011: Revenue of $682K, expenses of $352K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Park Family Foundation:
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.