Parrott Avenue Place Inc
Parrott Avenue Place Inc shows minimal financial activity and zero expenses in recent filings.
EIN: 20524497 · Portsmouth, NH · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250 |
| Program Spending | 100% |
| Net Assets | $1K |
| Transparency Score | 40/100 |
Is Parrott Avenue Place Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parrott Avenue Place Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parrott Avenue Place Inc
Parrott Avenue Place Inc (EIN: 20524497) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code P81. The organization reported total revenue of $250 and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parrott Avenue Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parrott Avenue Place Inc is a micro nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -26.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $0 |
| Surplus / Deficit | +$1K |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2024, Parrott Avenue Place Inc reported a surplus of $1K with revenue exceeding expenses.
Financial Trends
Over 13 years of filings (2012–2024), Parrott Avenue Place Inc's revenue has declined at a compound annual growth rate (CAGR) of -26.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | -100.0% | -20.0% |
| 2020 | +156.0% | +156.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Parrott Avenue Place Inc with a Mission Score of 40 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Parrott Avenue Place Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are receiving salaries or other compensation from the organization. This is a positive for resource allocation, especially given the organization's small size and limited financial activity.
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 Parrott Avenue Place Inc's IRS 990 filings:
- Extremely low or zero expenses in recent years, suggesting potential dormancy or lack of active programming.
- Significant fluctuation in revenue and expenses over time, from tens of thousands to near zero, without clear explanation in financial data.
- Minimal assets ($1,250 latest) for an organization that has existed for many years, indicating limited financial growth or reserves.
Strengths
The following positive indicators were identified for Parrott Avenue Place Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are drawn from the organization's funds.
- No reported liabilities in recent filings, suggesting a debt-free status.
Frequently Asked Questions about Parrott Avenue Place Inc
Is Parrott Avenue Place Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parrott Avenue Place Inc (EIN: 20524497) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Parrott Avenue Place Inc spend its money?
Parrott Avenue Place Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Parrott Avenue Place Inc tax-deductible?
Parrott Avenue Place Inc is registered as a tax-exempt nonprofit (EIN: 20524497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Parrott Avenue Place Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Parrott Avenue Place Inc is near average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Parrott Avenue Place Inc located?
Parrott Avenue Place Inc is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20524497. It is classified under NTEE code P81.
How many years of IRS 990 filings does Parrott Avenue Place Inc have?
Parrott Avenue Place 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 $250 in total revenue.
What is the current operational status of Parrott Avenue Place Inc?
Based on the recent filings showing minimal to zero revenue and expenses (e.g., $1,000 revenue and $0 expenses in 2024, $0 revenue and $2 expenses in 2023), the organization appears to be largely inactive or operating on an extremely limited basis.
Why are expenses consistently so low or zero in recent years?
The consistent reporting of near-zero expenses in recent periods (e.g., $0 in 2024, $2 in 2023, $6 in 2022) suggests that the organization may not be actively conducting programs or incurring significant operational costs. This could indicate dormancy or a very specific, low-cost operational model.
Does Parrott Avenue Place Inc have a clear program impact given its financial data?
With minimal to zero expenses reported in recent years, it is difficult to ascertain any significant program impact. The financial data does not provide evidence of substantial programmatic activities.
Filing History
IRS 990 filing history for Parrott Avenue Place Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Parrott Avenue Place Inc's revenue has declined by 97.5%, moving from $40K to $1K. Total assets increased by 9900% over the same period, from $10 to $1K. Total functional expenses fell by 100%, from $40K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1K | $0 | $1K | $0 | — | — |
| 2023 | $0 | $2 | $1 | $0 | — | — |
| 2022 | $0 | $6 | $2 | $0 | — | — |
| 2021 | $0 | $2 | $8 | $0 | — | — |
| 2020 | $32K | $32K | $10 | $0 | — | View 990 |
| 2019 | $12K | $12K | $10 | $0 | — | View 990 |
| 2018 | $19K | $19K | $22K | $22K | — | — |
| 2017 | $39K | $39K | $10 | $0 | — | View 990 |
| 2016 | $20K | $20K | $10 | $0 | — | View 990 |
| 2015 | $13K | $13K | $10 | $0 | — | View 990 |
| 2014 | $0 | $0 | $10 | $0 | — | View 990 |
| 2013 | $18K | $18K | $10 | $0 | — | View 990 |
| 2012 | $40K | $40K | $10 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1K, expenses of $0, and assets of $1K.
- 2023: Revenue of $0, expenses of $2, and assets of $1.
- 2022: Revenue of $0, expenses of $6, and assets of $2.
- 2021: Revenue of $0, expenses of $2, and assets of $8 (revenue -100.0% year-over-year).
- 2020: Revenue of $32K, expenses of $32K, and assets of $10 (revenue +156.0% year-over-year).
- 2019: Revenue of $12K, expenses of $12K, and assets of $10 (revenue -33.4% year-over-year).
- 2018: Revenue of $19K, expenses of $19K, and assets of $22K (revenue -52.7% year-over-year).
- 2017: Revenue of $39K, expenses of $39K, and assets of $10 (revenue +97.3% year-over-year).
- 2016: Revenue of $20K, expenses of $20K, and assets of $10 (revenue +51.1% year-over-year).
- 2015: Revenue of $13K, expenses of $13K, and assets of $10.
- 2014: Revenue of $0, expenses of $0, and assets of $10 (revenue -100.0% year-over-year).
- 2013: Revenue of $18K, expenses of $18K, and assets of $10 (revenue -54.9% year-over-year).
- 2012: Revenue of $40K, expenses of $40K, and assets of $10.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parrott Avenue Place Inc:
Data Sources and Methodology
This transparency report for Parrott Avenue Place 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.