Parkgate Health Services Inc
EIN: 640678049 · Tupelo, MS · NTEE: R62M
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $465K |
| Net Assets | $1.5M |
Is Parkgate Health Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Parkgate Health Services Inc
Parkgate Health Services Inc (EIN: 640678049) is a nonprofit organization based in Tupelo, MS, classified under NTEE code R62M. The organization reported total revenue of $1.0M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parkgate Health Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parkgate Health Services Inc is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $627K |
| Total Expenses | $465K |
| Surplus / Deficit | +$161K |
| Total Assets | $1.5M |
| Total Liabilities | $2K |
| Net Assets | $1.5M |
| Operating Margin | 25.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 39.6 months |
Financial Health Grade: A
In 2023, Parkgate Health Services Inc reported a surplus of $161K with revenue exceeding expenses, holds 39.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Parkgate Health Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | +4.3% | +11.2% |
| 2022 | +28.3% | -3.8% | +27.5% |
| 2021 | +17.4% | +5.7% | -15.3% |
| 2020 | -30.2% | +25.0% | +0.1% |
| 2018 | +58.0% | +6.1% | +102.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Parkgate Health Services Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Parkgate Health Services Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $161K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Parkgate Health Services Inc
Is Parkgate Health Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parkgate Health Services Inc (EIN: 640678049) insufficient data. 0 red flags identified, 0 strengths noted.
How does Parkgate Health Services Inc spend its money?
Detailed spending breakdown data is not yet available for Parkgate Health Services Inc. Check back for updated IRS 990 analysis.
Are donations to Parkgate Health Services Inc tax-deductible?
Parkgate Health Services Inc is registered as a tax-exempt nonprofit (EIN: 640678049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Parkgate Health Services Inc located?
Parkgate Health Services Inc is headquartered in Tupelo, Mississippi and files with the IRS under EIN 640678049. It is classified under NTEE code R62M.
How many years of IRS 990 filings does Parkgate Health Services Inc have?
Parkgate Health Services Inc has 12 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Parkgate Health Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Parkgate Health Services Inc's revenue has grown by 45.3%, moving from $431K to $627K. Total assets increased by 177.6% over the same period, from $553K to $1.5M. Total functional expenses rose by 55.7%, from $299K to $465K. In its most recent filing year (2023), Parkgate Health Services Inc reported a surplus of $161K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $627K | $465K | $1.5M | $2K | — | View 990 |
| 2022 | $743K | $446K | $1.4M | $9K | — | View 990 |
| 2021 | $579K | $464K | $1.1M | $9K | — | View 990 |
| 2020 | $493K | $439K | $1.3M | $320K | — | — |
| 2018 | $706K | $351K | $1.3M | $311K | — | View 990 |
| 2017 | $447K | $331K | $631K | $20K | — | — |
| 2016 | $346K | $365K | $531K | $25K | — | View 990 |
| 2015 | $343K | $378K | $542K | $18K | — | View 990 |
| 2014 | $374K | $376K | $570K | $11K | — | View 990 |
| 2013 | $364K | $411K | $566K | $5K | — | View 990 |
| 2012 | $480K | $420K | $612K | $4K | — | View 990 |
| 2011 | $431K | $299K | $553K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $627K, expenses of $465K, and assets of $1.5M (revenue -15.7% year-over-year).
- 2022: Revenue of $743K, expenses of $446K, and assets of $1.4M (revenue +28.3% year-over-year).
- 2021: Revenue of $579K, expenses of $464K, and assets of $1.1M (revenue +17.4% year-over-year).
- 2020: Revenue of $493K, expenses of $439K, and assets of $1.3M (revenue -30.2% year-over-year).
- 2018: Revenue of $706K, expenses of $351K, and assets of $1.3M (revenue +58.0% year-over-year).
- 2017: Revenue of $447K, expenses of $331K, and assets of $631K (revenue +29.1% year-over-year).
- 2016: Revenue of $346K, expenses of $365K, and assets of $531K (revenue +0.8% year-over-year).
- 2015: Revenue of $343K, expenses of $378K, and assets of $542K (revenue -8.2% year-over-year).
- 2014: Revenue of $374K, expenses of $376K, and assets of $570K (revenue +2.8% year-over-year).
- 2013: Revenue of $364K, expenses of $411K, and assets of $566K (revenue -24.3% year-over-year).
- 2012: Revenue of $480K, expenses of $420K, and assets of $612K (revenue +11.4% year-over-year).
- 2011: Revenue of $431K, expenses of $299K, and assets of $553K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parkgate Health Services Inc:
Data Sources and Methodology
This transparency report for Parkgate Health Services Inc 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.