The Parsons Pantry Inc
The Parsons Pantry Inc maintains consistent operations with volunteer leadership and no reported liabilities.
EIN: 208120617 · Aiken, SC · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $79K |
| Program Spending | 85% |
| Net Assets | $50K |
| Transparency Score | 90/100 |
Is The Parsons Pantry Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Parsons Pantry Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Parsons Pantry Inc
The Parsons Pantry Inc (EIN: 208120617) is a nonprofit organization based in Aiken, SC, classified under NTEE code K31. The organization reported total revenue of $130K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Parsons Pantry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Parsons Pantry Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $79K |
| Surplus / Deficit | $-9,637 |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | -13.8% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2024, The Parsons Pantry Inc reported a deficit of $10K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), The Parsons Pantry Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | +5.2% | -16.2% |
| 2023 | -19.9% | +15.8% | -12.2% |
| 2022 | +18.7% | -10.5% | +43.6% |
| 2021 | -11.9% | -24.3% | -1.1% |
| 2020 | -33.9% | -10.7% | -23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Parsons Pantry 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, The Parsons Pantry 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for a small nonprofit of this size.
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.
Strengths
The following positive indicators were identified for The Parsons Pantry Inc:
- Consistent 0% officer compensation, maximizing funds for mission.
- Zero reported liabilities across all filings, indicating strong financial health.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and accountability.
- Stable financial operations for a small nonprofit, with consistent revenue and expense patterns.
- Modest but consistent asset base, showing responsible stewardship.
Frequently Asked Questions about The Parsons Pantry Inc
Is The Parsons Pantry Inc a legitimate charity?
The Parsons Pantry Inc (EIN: 208120617) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $130K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does The Parsons Pantry Inc spend its money?
The Parsons Pantry Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Parsons Pantry Inc tax-deductible?
The Parsons Pantry Inc is registered as a tax-exempt nonprofit (EIN: 208120617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Parsons Pantry Inc's spending goes to programs?
The Parsons Pantry Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Parsons Pantry Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Parsons Pantry Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Parsons Pantry Inc located?
The Parsons Pantry Inc is headquartered in Aiken, South Carolina and files with the IRS under EIN 208120617. It is classified under NTEE code K31.
How many years of IRS 990 filings does The Parsons Pantry Inc have?
The Parsons Pantry Inc has 14 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 $130K in total revenue.
Is The Parsons Pantry Inc a good charity?
Based on the provided data, The Parsons Pantry Inc appears to be a good charity. It consistently reports 0% officer compensation, has no liabilities, and has a long history of IRS filings, indicating transparency and efficient use of funds for its mission.
How does The Parsons Pantry Inc manage its finances?
The organization manages its finances prudently, consistently operating with no reported liabilities and maintaining modest assets. Its revenue and expenses are relatively stable year-over-year, and the absence of officer compensation suggests a highly cost-effective operational model.
What is the trend in The Parsons Pantry Inc's revenue and expenses?
The Parsons Pantry Inc's revenue and expenses have fluctuated but remained within a consistent range, typically between $68,000 and $130,000 annually. For example, in 202409, revenue was $69,590 and expenses were $79,227, while in 201909, revenue was $123,862 and expenses were $107,610. This indicates stable, albeit variable, financial activity.
Filing History
IRS 990 filing history for The Parsons Pantry Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Parsons Pantry Inc's revenue has grown by 0.1%, moving from $70K to $70K. Total assets increased by 210.6% over the same period, from $16K to $50K. Total functional expenses rose by 29.3%, from $61K to $79K. In its most recent filing year (2024), The Parsons Pantry Inc reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $70K | $79K | $50K | $0 | — | — |
| 2023 | $69K | $75K | $60K | $0 | — | View 990 |
| 2022 | $86K | $65K | $68K | $0 | — | View 990 |
| 2021 | $72K | $73K | $47K | $0 | — | — |
| 2020 | $82K | $96K | $48K | $0 | — | View 990 |
| 2019 | $124K | $108K | $62K | $0 | — | View 990 |
| 2018 | $98K | $117K | $46K | $0 | — | View 990 |
| 2017 | $126K | $96K | $64K | $0 | — | View 990 |
| 2016 | $109K | $107K | $35K | $0 | — | View 990 |
| 2015 | $100K | $97K | $33K | $0 | — | View 990 |
| 2014 | $90K | $88K | $30K | $0 | — | View 990 |
| 2013 | $98K | $97K | $28K | $0 | — | View 990 |
| 2012 | $73K | $63K | $26K | $0 | — | View 990 |
| 2011 | $70K | $61K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $70K, expenses of $79K, and assets of $50K (revenue +1.4% year-over-year).
- 2023: Revenue of $69K, expenses of $75K, and assets of $60K (revenue -19.9% year-over-year).
- 2022: Revenue of $86K, expenses of $65K, and assets of $68K (revenue +18.7% year-over-year).
- 2021: Revenue of $72K, expenses of $73K, and assets of $47K (revenue -11.9% year-over-year).
- 2020: Revenue of $82K, expenses of $96K, and assets of $48K (revenue -33.9% year-over-year).
- 2019: Revenue of $124K, expenses of $108K, and assets of $62K (revenue +26.2% year-over-year).
- 2018: Revenue of $98K, expenses of $117K, and assets of $46K (revenue -21.9% year-over-year).
- 2017: Revenue of $126K, expenses of $96K, and assets of $64K (revenue +15.4% year-over-year).
- 2016: Revenue of $109K, expenses of $107K, and assets of $35K (revenue +9.0% year-over-year).
- 2015: Revenue of $100K, expenses of $97K, and assets of $33K (revenue +10.8% year-over-year).
- 2014: Revenue of $90K, expenses of $88K, and assets of $30K (revenue -8.0% year-over-year).
- 2013: Revenue of $98K, expenses of $97K, and assets of $28K (revenue +33.7% year-over-year).
- 2012: Revenue of $73K, expenses of $63K, and assets of $26K (revenue +5.4% year-over-year).
- 2011: Revenue of $70K, expenses of $61K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Parsons Pantry Inc:
Data Sources and Methodology
This transparency report for The Parsons Pantry 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.