Parks Forever Inc
EIN: 263346242 · Cold Spring, MN · NTEE: N32
| Metric | Value |
|---|---|
| Total Revenue | $534K |
| Total Expenses | $18K |
| Net Assets | $100K |
Is Parks Forever Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Parks Forever Inc
Parks Forever Inc (EIN: 263346242) is a nonprofit organization based in Cold Spring, MN, classified under NTEE code N32. The organization reported total revenue of $534K and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parks Forever Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parks Forever Inc is a small nonprofit that has been operating for 17 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -50.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $18K |
| Surplus / Deficit | +$90K |
| Total Assets | $100K |
| Net Assets | $100K |
| Operating Margin | 83.5% |
| Months of Reserves | 66.9 months |
Financial Health Grade: A
In 2023, Parks Forever Inc reported a surplus of $90K with revenue exceeding expenses, holds 66.9 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Parks Forever Inc's revenue has declined at a compound annual growth rate (CAGR) of -50.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +882.5% | -95.7% | +973.0% |
| 2022 | -97.5% | +1070.8% | -97.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Parks Forever 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 Parks Forever 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 $90K, with revenue exceeding expenses.
Frequently Asked Questions about Parks Forever Inc
Is Parks Forever Inc a legitimate charity?
Parks Forever Inc (EIN: 263346242) is a registered tax-exempt nonprofit based in Minnesota. It has 3 years of IRS 990 filings on record. Total revenue: $534K. No red flags identified. Financial health grade: A.
How does Parks Forever Inc spend its money?
Parks Forever Inc reported $534K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Parks Forever Inc tax-deductible?
Parks Forever Inc is registered as a tax-exempt nonprofit (EIN: 263346242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Parks Forever Inc located?
Parks Forever Inc is headquartered in Cold Spring, Minnesota and files with the IRS under EIN 263346242. It is classified under NTEE code N32.
How many years of IRS 990 filings does Parks Forever Inc have?
Parks Forever Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $534K in total revenue.
Filing History
IRS 990 filing history for Parks Forever Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Parks Forever Inc's revenue has declined by 75.2%, moving from $436K to $108K. Total assets decreased by 76.2% over the same period, from $418K to $100K. Total functional expenses fell by 50.2%, from $36K to $18K. In its most recent filing year (2023), Parks Forever Inc reported a surplus of $90K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $18K | $100K | $0 | — | — |
| 2022 | $11K | $419K | $9K | $0 | — | View 990 |
| 2021 | $436K | $36K | $418K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $18K, and assets of $100K (revenue +882.5% year-over-year).
- 2022: Revenue of $11K, expenses of $419K, and assets of $9K (revenue -97.5% year-over-year).
- 2021: Revenue of $436K, expenses of $36K, and assets of $418K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parks Forever Inc:
Data Sources and Methodology
This transparency report for Parks Forever 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.