Parks Education Foundation
Parks Education Foundation's expenses consistently outpace revenue, leading to significant asset depletion.
EIN: 200423537 · Anchorage, AK · NTEE: T20 · Updated: 2026-03-28
Is Parks Education Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parks Education Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Parks Education Foundation
Parks Education Foundation (EIN: 200423537) is a nonprofit organization based in Anchorage, AK, classified under NTEE code T20. The organization reported total revenue of $62K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parks Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parks Education Foundation is a micro nonprofit that has been operating for 22 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $232K |
| Surplus / Deficit | $-182,123 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -365.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 107.4 months |
Financial Health Grade: B
In 2023, Parks Education Foundation reported a deficit of $182K with expenses exceeding revenue, holds 107.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Parks Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +826.7% | +22.2% | -8.1% |
| 2022 | -47.9% | +35.9% | -7.6% |
| 2021 | +47.9% | +-0.0% | -5.0% |
| 2020 | -53.6% | -2.5% | -4.9% |
| 2019 | -3.1% | +157.3% | -27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Education Foundation with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Parks Education Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $182K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, suggesting that the organization's leadership is entirely volunteer-based, which is a positive indicator for minimizing overhead costs.
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 Education Foundation's IRS 990 filings:
- Consistent and significant operating deficits (expenses far exceeding revenue) in recent years, e.g., $49,782 revenue vs. $231,905 expenses in 202308.
- Substantial depletion of assets over time, from $3,709,406 in 201508 to $2,074,791 in 202308.
- Low and inconsistent revenue generation, making it difficult to cover operational costs without drawing on reserves.
Strengths
The following positive indicators were identified for Parks Education Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership and low administrative overhead in this area.
- Very low liabilities ($1 in recent years), suggesting good financial management of debt.
- Long filing history (9 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Parks Education Foundation
Is Parks Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Parks Education Foundation (EIN: 200423537) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Parks Education Foundation spend its money?
Parks Education Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Parks Education Foundation tax-deductible?
Parks Education Foundation is registered as a tax-exempt nonprofit (EIN: 200423537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Parks Education Foundation financially sustainable?
Based on the provided data, the organization is not financially sustainable in its current operational model, as expenses have consistently and significantly exceeded revenue for many years, leading to a substantial depletion of assets from $3.7 million in 2015 to $2.07 million in 2023.
What caused the large revenue spike in 201408?
The filing for period 201408 shows a revenue of $831,594, which is an anomaly compared to other years where revenue typically ranges from $5,000 to $60,000. Further investigation into the 990 form for that year would be needed to understand the source of this significant one-time income.
How does the organization plan to address its asset depletion?
The consistent decline in assets due to expenses exceeding revenue is a major concern. The organization would need to either significantly increase its fundraising efforts or reduce its operational expenses to reverse this trend and ensure long-term viability.
Filing History
IRS 990 filing history for Parks Education Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Parks Education Foundation's revenue has declined by 25%, moving from $66K to $50K. Total assets decreased by 44.7% over the same period, from $3.8M to $2.1M. Total functional expenses rose by 394.4%, from $47K to $232K. In its most recent filing year (2023), Parks Education Foundation reported a deficit of $182K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $232K | $2.1M | $1 | — | — |
| 2022 | $5K | $190K | $2.3M | $1 | — | — |
| 2021 | $10K | $140K | $2.4M | $1 | — | — |
| 2020 | $7K | $140K | $2.6M | $1 | — | — |
| 2019 | $15K | $143K | $2.7M | $1 | — | View 990 |
| 2015 | $15K | $56K | $3.7M | $1 | — | View 990 |
| 2014 | $832K | $837K | $3.7M | $0 | — | View 990 |
| 2013 | $33K | $30K | $3.8M | $0 | — | View 990 |
| 2012 | $66K | $47K | $3.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $232K, and assets of $2.1M (revenue +826.7% year-over-year).
- 2022: Revenue of $5K, expenses of $190K, and assets of $2.3M (revenue -47.9% year-over-year).
- 2021: Revenue of $10K, expenses of $140K, and assets of $2.4M (revenue +47.9% year-over-year).
- 2020: Revenue of $7K, expenses of $140K, and assets of $2.6M (revenue -53.6% year-over-year).
- 2019: Revenue of $15K, expenses of $143K, and assets of $2.7M (revenue -3.1% year-over-year).
- 2015: Revenue of $15K, expenses of $56K, and assets of $3.7M (revenue -98.1% year-over-year).
- 2014: Revenue of $832K, expenses of $837K, and assets of $3.7M (revenue +2451.7% year-over-year).
- 2013: Revenue of $33K, expenses of $30K, and assets of $3.8M (revenue -50.9% year-over-year).
- 2012: Revenue of $66K, expenses of $47K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parks Education Foundation:
Data Sources and Methodology
This transparency report for Parks Education 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.