Park Praise Publications
Park Praise Publications consistently spends more than it earns, leading to declining assets.
EIN: 141854391 · Lexington, KY · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15K |
| Total Expenses | $20K |
| Program Spending | 75% |
| Net Assets | $1K |
| Transparency Score | 55/100 |
Is Park Praise Publications Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Park Praise Publications directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Park Praise Publications
Park Praise Publications (EIN: 141854391) is a nonprofit organization based in Lexington, KY, classified under NTEE code X20. The organization reported total revenue of $15K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Praise Publications's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Park Praise Publications is a micro nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $20K |
| Surplus / Deficit | +$888 |
| Total Assets | $1K |
| Total Liabilities | $14 |
| Net Assets | $1K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 0.7 months |
Financial Health Grade: A
In 2022, Park Praise Publications reported a surplus of $888 with revenue exceeding expenses, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Park Praise Publications's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +15.3% | +2.4% | +425.5% |
| 2021 | +3.5% | +2.9% | -86.7% |
| 2020 | -48.0% | -47.6% | -82.5% |
| 2019 | +78.8% | +85.1% | +27.2% |
| 2015 | +96.4% | +62.6% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2003 |
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 Praise Publications with a Mission Score of 55 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Park Praise Publications allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $888, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is excellent for a nonprofit of this size and demonstrates a commitment to directing all funds towards the organization's mission rather than executive salaries.
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 Praise Publications's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple periods, such as 2021 ($19,318 expenses vs. $17,934 revenue) and 2020 ($18,776 expenses vs. $17,327 revenue).
- Significant decline in total assets from $23,841 in 2011 to $3,029 currently, indicating a draw-down of reserves.
- Small and fluctuating revenue base, making long-term planning and stability challenging.
Strengths
The following positive indicators were identified for Park Praise Publications:
- 0% officer compensation reported across all available filings, indicating a strong commitment to mission over executive pay.
- Consistent filing of IRS 990 forms, demonstrating a commitment to transparency.
Frequently Asked Questions about Park Praise Publications
Is Park Praise Publications a legitimate charity?
Park Praise Publications (EIN: 141854391) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 55/100. It has 9 years of IRS 990 filings on record. Total revenue: $15K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Park Praise Publications spend its money?
Park Praise Publications directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Park Praise Publications tax-deductible?
Park Praise Publications is registered as a tax-exempt nonprofit (EIN: 141854391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Park Praise Publications's spending goes to programs?
Park Praise Publications directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Park Praise Publications compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Park Praise Publications is near average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Park Praise Publications located?
Park Praise Publications is headquartered in Lexington, Kentucky and files with the IRS under EIN 141854391. It is classified under NTEE code X20.
How many years of IRS 990 filings does Park Praise Publications have?
Park Praise Publications has 9 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 $15K in total revenue.
Is Park Praise Publications financially sustainable?
Based on the provided data, Park Praise Publications has consistently spent more than its revenue in most years (e.g., $19,781 expenses vs. $20,669 revenue in 2022, but $19,318 expenses vs. $17,934 revenue in 2021), leading to a significant decline in assets from $23,841 in 2011 to $3,029 currently. This pattern suggests a lack of financial sustainability without a change in revenue generation or expense management.
How has the organization's asset base changed over time?
The organization's assets have significantly decreased over time, from a high of $23,841 in 2011 to $3,029 currently. This decline is consistent with the trend of expenses frequently exceeding revenues.
What is the trend in revenue and expenses?
Revenue has fluctuated, with a high of $40,919 in 2011 and a low of $9,482 in 2014, but has generally been under $20,000 in recent years. Expenses have often exceeded revenue, particularly in periods like 2021 ($19,318 expenses vs. $17,934 revenue) and 2020 ($18,776 expenses vs. $17,327 revenue), indicating consistent operational deficits.
Filing History
IRS 990 filing history for Park Praise Publications showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Park Praise Publications's revenue has declined by 49.5%, moving from $41K to $21K. Total assets decreased by 95.3% over the same period, from $24K to $1K. Total functional expenses fell by 18%, from $24K to $20K. In its most recent filing year (2022), Park Praise Publications reported a surplus of $888, with revenue exceeding expenses. The organization holds $14 in liabilities against $1K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $21K | $20K | $1K | $14 | — | View 990 |
| 2021 | $18K | $19K | $212 | $1 | — | — |
| 2020 | $17K | $19K | $2K | $1 | — | — |
| 2019 | $33K | $36K | $9K | $6K | — | View 990 |
| 2015 | $19K | $19K | $7K | $1 | — | View 990 |
| 2014 | $9K | $12K | $8K | $1 | — | View 990 |
| 2013 | $11K | $15K | $10K | $0 | — | View 990 |
| 2012 | $10K | $19K | $15K | $0 | — | View 990 |
| 2011 | $41K | $24K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $21K, expenses of $20K, and assets of $1K (revenue +15.3% year-over-year).
- 2021: Revenue of $18K, expenses of $19K, and assets of $212 (revenue +3.5% year-over-year).
- 2020: Revenue of $17K, expenses of $19K, and assets of $2K (revenue -48.0% year-over-year).
- 2019: Revenue of $33K, expenses of $36K, and assets of $9K (revenue +78.8% year-over-year).
- 2015: Revenue of $19K, expenses of $19K, and assets of $7K (revenue +96.4% year-over-year).
- 2014: Revenue of $9K, expenses of $12K, and assets of $8K (revenue -11.1% year-over-year).
- 2013: Revenue of $11K, expenses of $15K, and assets of $10K (revenue +9.4% year-over-year).
- 2012: Revenue of $10K, expenses of $19K, and assets of $15K (revenue -76.2% year-over-year).
- 2011: Revenue of $41K, expenses of $24K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Park Praise Publications:
Data Sources and Methodology
This transparency report for Park Praise Publications 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.