Parks Foundation
Parks Foundation consistently operates at a deficit, drawing down assets over the past decade.
EIN: 200423443 · Anchorage, AK · NTEE: T20 · Updated: 2026-03-28
Is Parks Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parks Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Parks Foundation
Parks Foundation (EIN: 200423443) is a nonprofit organization based in Anchorage, AK, classified under NTEE code T20. The organization reported total revenue of $2.2M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parks Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parks Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $161K |
| Surplus / Deficit | $-142,142 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -746.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.0 months |
Financial Health Grade: B
In 2023, Parks Foundation reported a deficit of $142K with expenses exceeding revenue, holds 193.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Parks Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +222.7% | +6.3% | -5.2% |
| 2022 | -9.3% | -17.2% | -5.1% |
| 2021 | -77.2% | +13.3% | -5.8% |
| 2020 | -10.5% | -3.1% | -4.2% |
| 2019 | +21.3% | +534.1% | -15.4% |
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 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 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 $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for transparency and resource allocation.
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 Foundation's IRS 990 filings:
- Consistent operating deficits: Revenue consistently falls short of expenses in historical filings (e.g., 2023 revenue $19,039 vs. expenses $161,181).
- Declining asset base: Assets have decreased from $3,768,962 in 2015 to $2,592,515 in 2023, indicating unsustainable spending.
- Significant discrepancy in latest revenue vs. historical: The reported 'Latest Revenue' of $2,164,467 is an outlier compared to historical annual revenues, raising questions about its source and sustainability.
Strengths
The following positive indicators were identified for Parks Foundation:
- Zero officer compensation: No officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Low liabilities: Liabilities consistently reported as $0 or $1, suggesting strong financial management regarding debt.
Frequently Asked Questions about Parks Foundation
Is Parks Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Parks Foundation (EIN: 200423443) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Parks Foundation spend its money?
Parks Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Parks Foundation tax-deductible?
Parks Foundation is registered as a tax-exempt nonprofit (EIN: 200423443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is the latest revenue figure of $2,164,467 so much higher than historical revenues?
The provided data shows a significant jump in 'Latest Revenue' to $2,164,467, which is vastly different from the historical annual revenues typically in the range of $5,000 to $30,000. This discrepancy needs clarification to understand if it represents a one-time grant, a change in reporting, or an error, as it dramatically alters the perception of the organization's financial health.
How does the Parks Foundation cover its expenses given the consistent revenue shortfalls?
Based on the historical filings, the Parks Foundation consistently reports expenses significantly higher than its revenue. For example, in 2023, revenue was $19,039 while expenses were $161,181. This suggests the organization is covering its operational costs by drawing down its asset base, as evidenced by the decline in assets from $3,768,962 in 2015 to $2,592,515 in 2023.
What is the detailed breakdown of expenses (program, admin, fundraising)?
The provided data only offers total expenses. Without a detailed breakdown, it's impossible to accurately assess how efficiently the organization is allocating its spending between direct program services, administrative overhead, and fundraising efforts.
Filing History
IRS 990 filing history for Parks Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Parks Foundation's revenue has declined by 32.9%, moving from $28K to $19K. Total assets decreased by 30.4% over the same period, from $3.7M to $2.6M. Total functional expenses rose by 271.4%, from $43K to $161K. In its most recent filing year (2023), Parks Foundation reported a deficit of $142K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $161K | $2.6M | $1 | — | View 990 |
| 2022 | $6K | $152K | $2.7M | $1 | — | View 990 |
| 2021 | $7K | $183K | $2.9M | $1 | — | View 990 |
| 2020 | $29K | $162K | $3.1M | $1 | — | View 990 |
| 2019 | $32K | $167K | $3.2M | $1 | — | View 990 |
| 2015 | $26K | $26K | $3.8M | $1 | — | View 990 |
| 2014 | $381K | $394K | $3.8M | $0 | — | View 990 |
| 2013 | $78K | $17K | $3.8M | $0 | — | View 990 |
| 2012 | $757 | $5K | $3.7M | $0 | — | View 990 |
| 2011 | $28K | $43K | $3.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $161K, and assets of $2.6M (revenue +222.7% year-over-year).
- 2022: Revenue of $6K, expenses of $152K, and assets of $2.7M (revenue -9.3% year-over-year).
- 2021: Revenue of $7K, expenses of $183K, and assets of $2.9M (revenue -77.2% year-over-year).
- 2020: Revenue of $29K, expenses of $162K, and assets of $3.1M (revenue -10.5% year-over-year).
- 2019: Revenue of $32K, expenses of $167K, and assets of $3.2M (revenue +21.3% year-over-year).
- 2015: Revenue of $26K, expenses of $26K, and assets of $3.8M (revenue -93.1% year-over-year).
- 2014: Revenue of $381K, expenses of $394K, and assets of $3.8M (revenue +389.7% year-over-year).
- 2013: Revenue of $78K, expenses of $17K, and assets of $3.8M (revenue +10189.3% year-over-year).
- 2012: Revenue of $757, expenses of $5K, and assets of $3.7M (revenue -97.3% year-over-year).
- 2011: Revenue of $28K, expenses of $43K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parks Foundation:
Data Sources and Methodology
This transparency report for Parks 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.