Parsons Child & Family Center

Parsons Child & Family Center shows consistent revenue growth and zero reported officer compensation over a decade.

EIN: 141347440 · Albany, NY · NTEE: P300 · Updated: 2026-03-28

$60.3MRevenue

$51.5MAssets

90/100Mission Score (Excellent)

P300

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.

AI Transparency Report

Parsons Child & Family Center demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. For instance, revenue grew from $42,862,816 in 2014 to $58,354,086 in 2023, and assets increased from $24,683,467 to $48,186,917 in the same period. The organization generally operates with expenses closely aligned to revenue, with some periods showing a slight deficit (e.g., 2023 with expenses exceeding revenue by $350,000) and others a surplus (e.g., 2022 with revenue exceeding expenses by over $5.7 million). This suggests a focus on utilizing funds for current operations rather than accumulating large surpluses.

The organization's financial health appears sound, supported by a healthy asset base relative to its liabilities, although liabilities have also grown alongside assets. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive pay. This practice is highly commendable and suggests a strong ethical framework regarding compensation.

While specific program spending percentages are not provided in the raw data, the overall financial picture suggests a well-managed organization. The consistent growth and the absence of officer compensation point to a charity that is likely efficient in its operations and transparent in its financial reporting, at least concerning executive remuneration. Further analysis of detailed expense breakdowns would be needed to fully assess spending efficiency across programs, administration, and fundraising.

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.

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

Is Parsons Child & Family Center a good charity?

Based on the provided financial data, Parsons Child & Family Center appears to be a well-managed organization with consistent revenue growth and a strong commitment to transparency regarding executive compensation, reporting 0% officer compensation for over a decade. This suggests a high dedication to its mission.

How has the organization's financial stability changed over time?

The organization has shown consistent financial growth and stability. Revenue increased from $42.8 million in 2014 to $58.3 million in 2023, and assets nearly doubled from $24.6 million to $48.1 million in the same period. While expenses generally track revenue, indicating active use of funds, the overall trend is positive.

What is the trend in the organization's assets and liabilities?

Both assets and liabilities have shown an upward trend. Assets grew from $24.6 million in 2014 to $48.1 million in 2023. Liabilities also increased from $16.3 million to $26.5 million over the same period. While liabilities have grown, the asset base has generally outpaced them, maintaining a healthy financial position.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$58.4M	$58.7M	$48.2M	$26.6M	—	View 990
2022	$54.9M	$49.2M	$44.9M	$23.6M	—	View 990
2021	$52.6M	$51.7M	$47.4M	$33.2M	—	View 990
2020	$53.3M	$47.0M	$44.8M	$40.7M	—	View 990
2019	$45.9M	$45.6M	$34.0M	$29.4M	—	View 990
2018	$43.9M	$43.2M	$24.8M	$16.3M	—	View 990
2017	$43.0M	$42.7M	$22.5M	$17.2M	—	—
2016	$43.5M	$43.1M	$22.4M	$20.1M	—	View 990
2015	$40.9M	$41.7M	$22.8M	$16.2M	—	View 990
2014	$42.9M	$41.9M	$24.7M	$16.4M	—	View 990
2013	$41.2M	$40.4M	$22.7M	$17.4M	—	View 990
2012	$39.9M	$39.8M	$23.3M	$26.8M	—	View 990
2011	$39.8M	$38.8M	$22.9M	$15.8M	—	View 990

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.

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.