Parks Alliance Of Louisville Inc
Parks Alliance Of Louisville Inc experiences rapid growth and a $518,861 deficit in 2023 after several years of strong revenue.
EIN: 204372292 · Louisville, KY · NTEE: C99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| Net Assets | $3.3M |
| Transparency Score | 75/100 |
Is Parks Alliance Of Louisville Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parks Alliance Of Louisville Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parks Alliance Of Louisville Inc
Parks Alliance Of Louisville Inc (EIN: 204372292) is a nonprofit organization based in Louisville, KY, classified under NTEE code C99. The organization reported total revenue of $3.8M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parks Alliance Of Louisville Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parks Alliance Of Louisville Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 50.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-518,861 |
| Total Assets | $3.4M |
| Total Liabilities | $141K |
| Net Assets | $3.3M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Parks Alliance Of Louisville Inc reported a deficit of $519K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Parks Alliance Of Louisville Inc's revenue has grown at a compound annual growth rate (CAGR) of 50.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.6% | +92.7% | -15.7% |
| 2022 | -26.8% | +56.4% | +6.8% |
| 2021 | +1667.0% | +424.7% | +312.7% |
| 2020 | -39.8% | -36.1% | -1.4% |
| 2019 | -41.0% | +4.2% | -24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Parks Alliance Of Louisville Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Parks Alliance Of Louisville Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $519K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting that either no officers receive compensation or it is categorized differently within their expenses, which is a positive sign for directing funds to programs if accurate.
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 Parks Alliance Of Louisville Inc's IRS 990 filings:
- Significant deficit in 2023 ($518,861) where expenses exceeded revenue.
- Fluctuating asset base, with a decrease from $4,061,923 in 2022 to $3,425,727 in 2023.
Strengths
The following positive indicators were identified for Parks Alliance Of Louisville Inc:
- Rapid and substantial revenue growth from $269,799 in 2020 to $5,500,257 in 2023, indicating strong fundraising capacity.
- Consistent reporting of 0% officer compensation, suggesting a potential commitment to minimizing executive overhead.
- Low liabilities relative to assets in recent years (e.g., $141,212 liabilities vs. $3,425,727 assets in 2023).
Frequently Asked Questions about Parks Alliance Of Louisville Inc
Is Parks Alliance Of Louisville Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parks Alliance Of Louisville Inc (EIN: 204372292) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Parks Alliance Of Louisville Inc spend its money?
Parks Alliance Of Louisville Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Parks Alliance Of Louisville Inc tax-deductible?
Parks Alliance Of Louisville Inc is registered as a tax-exempt nonprofit (EIN: 204372292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Parks Alliance Of Louisville Inc's spending goes to programs?
Parks Alliance Of Louisville Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Parks Alliance Of Louisville Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Parks Alliance Of Louisville Inc is above average for NTEE category C99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Parks Alliance Of Louisville Inc located?
Parks Alliance Of Louisville Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 204372292. It is classified under NTEE code C99.
How many years of IRS 990 filings does Parks Alliance Of Louisville Inc have?
Parks Alliance Of Louisville Inc has 13 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 $3.8M in total revenue.
What caused the $518,861 deficit in the 2023 fiscal period?
The provided data shows expenses of $6,019,118 against revenues of $5,500,257 in 2023, leading to a deficit. A detailed breakdown of expenses would be needed to identify specific causes.
How is executive compensation truly handled if 'Officer Comp' is consistently reported as 0%?
It's possible that executive compensation is included within general administrative expenses or that the organization relies heavily on volunteer leadership. Further review of the full IRS 990, specifically Part VII, Section A, would clarify this.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a granular breakdown of expenses. A full IRS 990 filing would provide this detail, crucial for assessing spending efficiency.
Given the significant revenue fluctuations, what is the organization's long-term financial sustainability plan?
The organization has seen revenue range from $269,799 in 2020 to over $5.5 million in 2023. Understanding their funding diversification and strategic financial planning is important for long-term stability.
Filing History
IRS 990 filing history for Parks Alliance Of Louisville Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Parks Alliance Of Louisville Inc's revenue has grown by 12946.2%, moving from $42K to $5.5M. Total assets increased by 991.2% over the same period, from $314K to $3.4M. Total functional expenses rose by 22775.1%, from $26K to $6.0M. In its most recent filing year (2023), Parks Alliance Of Louisville Inc reported a deficit of $519K, with expenses exceeding revenue. The organization holds $141K in liabilities against $3.4M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $6.0M | $3.4M | $141K | — | View 990 |
| 2022 | $3.5M | $3.1M | $4.1M | $325K | — | View 990 |
| 2021 | $4.8M | $2.0M | $3.8M | $435K | — | View 990 |
| 2020 | $270K | $381K | $922K | $357K | — | — |
| 2019 | $448K | $596K | $935K | $258K | — | View 990 |
| 2018 | $760K | $572K | $1.2M | $408K | — | View 990 |
| 2017 | $93K | $249K | $820K | $113K | — | View 990 |
| 2016 | $386K | $70K | $863K | $0 | — | View 990 |
| 2015 | $330K | $411K | $547K | $0 | — | View 990 |
| 2014 | $853K | $630K | $628K | $0 | — | View 990 |
| 2013 | $316K | $221K | $406K | $0 | — | — |
| 2012 | $61K | $64K | $311K | $0 | — | View 990 |
| 2011 | $42K | $26K | $314K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $6.0M, and assets of $3.4M (revenue +57.6% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.1M, and assets of $4.1M (revenue -26.8% year-over-year).
- 2021: Revenue of $4.8M, expenses of $2.0M, and assets of $3.8M (revenue +1667.0% year-over-year).
- 2020: Revenue of $270K, expenses of $381K, and assets of $922K (revenue -39.8% year-over-year).
- 2019: Revenue of $448K, expenses of $596K, and assets of $935K (revenue -41.0% year-over-year).
- 2018: Revenue of $760K, expenses of $572K, and assets of $1.2M (revenue +720.2% year-over-year).
- 2017: Revenue of $93K, expenses of $249K, and assets of $820K (revenue -76.0% year-over-year).
- 2016: Revenue of $386K, expenses of $70K, and assets of $863K (revenue +17.2% year-over-year).
- 2015: Revenue of $330K, expenses of $411K, and assets of $547K (revenue -61.3% year-over-year).
- 2014: Revenue of $853K, expenses of $630K, and assets of $628K (revenue +169.7% year-over-year).
- 2013: Revenue of $316K, expenses of $221K, and assets of $406K (revenue +422.1% year-over-year).
- 2012: Revenue of $61K, expenses of $64K, and assets of $311K (revenue +43.6% year-over-year).
- 2011: Revenue of $42K, expenses of $26K, and assets of $314K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parks Alliance Of Louisville Inc:
Data Sources and Methodology
This transparency report for Parks Alliance Of Louisville 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.