Parsons Child & Family Center

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Parsons Child & Family Center Form 990, Revenue, CEO Pay, and IRS Filing Signals

Parsons Child & Family Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Parsons Child & Family Center in one place.

Is Parsons Child & Family Center Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Parsons Child & Family Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Parsons Child & Family Center with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Parsons Child & Family Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Parsons Child & Family Center

Parsons Child & Family Center (EIN: 141347440) is a nonprofit organization based in Albany, NY, classified under NTEE code P300. The organization reported total revenue of $60.3M and total assets of $51.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parsons Child & Family Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Parsons Child & Family Center is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Parsons Child & Family Center reported a deficit of $350K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 55.1% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Parsons Child & Family Center's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.

IRS Tax-Exempt Classification

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 Parsons Child & Family Center with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Parsons Child & Family Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $350K, with expenses exceeding revenue.
• Debt-to-asset ratio: 55.1%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 13 available IRS 990 filings, which is highly unusual for an organization of its size with over $60 million in annual revenue and $50 million in assets. This suggests either a unique compensation structure where officers are not compensated, or their compensation is categorized differently, or it reflects a strong commitment to minimizing overhead in this area.

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 Parsons Child & Family Center's IRS 990 filings:

• Unusually low (0%) reported officer compensation for a large organization, which might warrant further investigation into how leadership is compensated or if this is a reporting anomaly.

Strengths

The following positive indicators were identified for Parsons Child & Family Center:

• Consistent revenue growth over a decade, from $42.8M in 2014 to $58.3M in 2023.
• Significant asset growth, nearly doubling from $24.6M in 2014 to $48.1M in 2023.
• Zero reported officer compensation across all 13 filings, indicating a strong commitment to directing funds to the mission.
• Generally stable financial operations with expenses closely aligned to revenue, demonstrating active use of funds.

Frequently Asked Questions about Parsons Child & Family Center

Filing History

IRS 990 filing history for Parsons Child & Family Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Parsons Child & Family Center's revenue has grown by 46.5%, moving from $39.8M to $58.4M. Total assets increased by 110.9% over the same period, from $22.9M to $48.2M. Total functional expenses rose by 51.2%, from $38.8M to $58.7M. In its most recent filing year (2023), Parsons Child & Family Center reported a deficit of $350K, with expenses exceeding revenue. The organization holds $26.6M in liabilities against $48.2M in assets (debt-to-asset ratio: 55.1%), resulting in net assets of $21.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $58.4M, expenses of $58.7M, and assets of $48.2M (revenue +6.3% year-over-year).
• 2022: Revenue of $54.9M, expenses of $49.2M, and assets of $44.9M (revenue +4.4% year-over-year).
• 2021: Revenue of $52.6M, expenses of $51.7M, and assets of $47.4M (revenue -1.3% year-over-year).
• 2020: Revenue of $53.3M, expenses of $47.0M, and assets of $44.8M (revenue +16.0% year-over-year).
• 2019: Revenue of $45.9M, expenses of $45.6M, and assets of $34.0M (revenue +4.7% year-over-year).
• 2018: Revenue of $43.9M, expenses of $43.2M, and assets of $24.8M (revenue +2.1% year-over-year).
• 2017: Revenue of $43.0M, expenses of $42.7M, and assets of $22.5M (revenue -1.1% year-over-year).
• 2016: Revenue of $43.5M, expenses of $43.1M, and assets of $22.4M (revenue +6.2% year-over-year).
• 2015: Revenue of $40.9M, expenses of $41.7M, and assets of $22.8M (revenue -4.5% year-over-year).
• 2014: Revenue of $42.9M, expenses of $41.9M, and assets of $24.7M (revenue +3.9% year-over-year).
• 2013: Revenue of $41.2M, expenses of $40.4M, and assets of $22.7M (revenue +3.5% year-over-year).
• 2012: Revenue of $39.9M, expenses of $39.8M, and assets of $23.3M (revenue +0.1% year-over-year).
• 2011: Revenue of $39.8M, expenses of $38.8M, and assets of $22.9M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Parsons Child & Family Center:

Data Sources and Methodology

This transparency report for Parsons Child & Family Center 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.