Parsons Dance Foundation Inc
Parsons Dance Foundation consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 133376271 · New York, NY · NTEE: A620 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $692K |
| Transparency Score | 90/100 |
Is Parsons Dance Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parsons Dance Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parsons Dance Foundation Inc
Parsons Dance Foundation Inc (EIN: 133376271) is a nonprofit organization based in New York, NY, classified under NTEE code A620. The organization reported total revenue of $2.5M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parsons Dance Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parsons Dance Foundation Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-434,831 |
| Total Assets | $1.3M |
| Total Liabilities | $595K |
| Net Assets | $692K |
| Operating Margin | -27.9% |
| Debt-to-Asset Ratio | 46.2% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Parsons Dance Foundation Inc reported a deficit of $435K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 46.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Parsons Dance Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.1% | +10.9% | -22.5% |
| 2022 | +100.5% | +61.8% | +97.2% |
| 2021 | -9.9% | -13.9% | -2.6% |
| 2020 | -17.5% | -26.6% | +11.3% |
| 2019 | +46.0% | +31.5% | -19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1990 |
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 Dance Foundation Inc 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 Dance Foundation Inc 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 $435K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a highly positive sign for donor confidence 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 Parsons Dance Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue and expense fluctuations, which could indicate unpredictable funding streams or operational costs.
Strengths
The following positive indicators were identified for Parsons Dance Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Significant growth in assets over the past decade, from $86,085 in 2014 to $1,653,553 currently.
- Maintains a healthy asset-to-liability ratio, suggesting good financial health and ability to cover obligations.
Frequently Asked Questions about Parsons Dance Foundation Inc
Is Parsons Dance Foundation Inc a legitimate charity?
Parsons Dance Foundation Inc (EIN: 133376271) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Parsons Dance Foundation Inc spend its money?
Parsons Dance Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Parsons Dance Foundation Inc tax-deductible?
Parsons Dance Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133376271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Parsons Dance Foundation Inc's spending goes to programs?
Parsons Dance Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Parsons Dance Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Parsons Dance Foundation Inc is above average for NTEE category A620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Parsons Dance Foundation Inc located?
Parsons Dance Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133376271. It is classified under NTEE code A620.
How many years of IRS 990 filings does Parsons Dance Foundation Inc have?
Parsons Dance Foundation 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 $2.5M in total revenue.
Is Parsons Dance Foundation Inc. financially stable?
Yes, despite year-to-year fluctuations in revenue and expenses, the organization has consistently maintained positive assets, reaching $1,653,553 in its latest filing, and manages its liabilities effectively.
How does Parsons Dance Foundation Inc. manage executive compensation?
The organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating a strong commitment to directing funds away from executive salaries.
What is the trend in the organization's assets?
Assets have shown significant growth over the past decade, from $86,085 in 2014 to $1,653,553 in the latest period, demonstrating financial growth and stability.
Filing History
IRS 990 filing history for Parsons Dance Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Parsons Dance Foundation Inc's revenue has grown by 16.2%, moving from $1.3M to $1.6M. Total assets increased by 2204.1% over the same period, from $56K to $1.3M. Total functional expenses rose by 33.7%, from $1.5M to $2.0M. In its most recent filing year (2023), Parsons Dance Foundation Inc reported a deficit of $435K, with expenses exceeding revenue. The organization holds $595K in liabilities against $1.3M in assets (debt-to-asset ratio: 46.2%), resulting in net assets of $692K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.0M | $1.3M | $595K | — | — |
| 2022 | $2.3M | $1.8M | $1.7M | $532K | — | View 990 |
| 2021 | $1.1M | $1.1M | $841K | $179K | — | View 990 |
| 2020 | $1.3M | $1.3M | $864K | $220K | — | View 990 |
| 2019 | $1.5M | $1.8M | $776K | $97K | — | View 990 |
| 2018 | $1.0M | $1.3M | $968K | $65K | — | View 990 |
| 2017 | $2.6M | $1.3M | $1.4M | $234K | — | View 990 |
| 2016 | $1.1M | $1.1M | $131K | $135K | — | View 990 |
| 2015 | $1.1M | $1.1M | $116K | $118K | — | View 990 |
| 2014 | $1.1M | $1.1M | $86K | $91K | — | View 990 |
| 2013 | $1.4M | $1.4M | $105K | $89K | — | View 990 |
| 2012 | $1.2M | $1.1M | $39K | $25K | — | View 990 |
| 2011 | $1.3M | $1.5M | $56K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.0M, and assets of $1.3M (revenue -31.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.8M, and assets of $1.7M (revenue +100.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $841K (revenue -9.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $864K (revenue -17.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.8M, and assets of $776K (revenue +46.0% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.3M, and assets of $968K (revenue -59.3% year-over-year).
- 2017: Revenue of $2.6M, expenses of $1.3M, and assets of $1.4M (revenue +133.0% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $131K (revenue +0.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $116K (revenue +2.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $86K (revenue -21.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $105K (revenue +12.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $39K (revenue -10.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.5M, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parsons Dance Foundation Inc:
Data Sources and Methodology
This transparency report for Parsons Dance Foundation 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.