The William And Charlotte Parks Foundation For Animal Welfare
Parks Foundation: Strong Assets, Inconsistent Revenue, High Administrative Costs
EIN: 222552893 · Glen Allen, VA · NTEE: D120 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $307K |
| CEO/Top Officer Pay | $306,776 |
| Net Assets | $5.6M |
| Transparency Score | 75/100 |
Is The William And Charlotte Parks Foundation For Animal Welfare Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The William And Charlotte Parks Foundation For Animal Welfare
The William And Charlotte Parks Foundation For Animal Welfare (EIN: 222552893) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code D120. The organization reported total revenue of $2.6M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The William And Charlotte Parks Foundation For Animal Welfare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The William And Charlotte Parks Foundation For Animal Welfare is a mid-size nonprofit that has been operating for 41 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $478K |
| Total Expenses | $307K |
| Surplus / Deficit | +$171K |
| Total Assets | $5.6M |
| Net Assets | $5.6M |
| Operating Margin | 35.8% |
| Months of Reserves | 217.9 months |
Financial Health Grade: A
In 2024, The William And Charlotte Parks Foundation For Animal Welfare reported a surplus of $171K with revenue exceeding expenses, holds 217.9 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2024), The William And Charlotte Parks Foundation For Animal Welfare's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +176.2% | -3.6% | +3.2% |
| 2023 | -76.2% | -0.9% | -3.4% |
| 2022 | +58.7% | +19.3% | +8.6% |
| 2021 | -4.6% | -11.8% | -1.1% |
| 2018 | +3.1% | +2.3% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 William And Charlotte Parks Foundation For Animal Welfare with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, The William And Charlotte Parks Foundation For Animal Welfare allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $171K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given 100% of expenses are administrative, it is likely a significant component of the $306,776 in administrative costs reported in 2024.
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 The William And Charlotte Parks Foundation For Animal Welfare's IRS 990 filings:
- 100% of reported expenses are administrative, with 0% allocated to programs or fundraising, raising questions about direct impact.
- Revenue has been highly inconsistent, ranging from $172,905 in 2023 to $2,558,630 in 2024, making financial planning and sustainability unclear.
- The foundation holds substantial assets ($5,570,133 in 2024) but does not appear to directly fund programs or services based on expense reporting.
Strengths
The following positive indicators were identified for The William And Charlotte Parks Foundation For Animal Welfare:
- Maintains a strong asset base, consistently over $4.8 million, indicating financial stability.
- Has a long operational history with consistent annual filings.
Frequently Asked Questions about The William And Charlotte Parks Foundation For Animal Welfare
Is The William And Charlotte Parks Foundation For Animal Welfare a legitimate charity?
Based on AI analysis of IRS 990 filings, The William And Charlotte Parks Foundation For Animal Welfare (EIN: 222552893) some concerns. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
How does The William And Charlotte Parks Foundation For Animal Welfare spend its money?
Detailed spending breakdown data is not yet available for The William And Charlotte Parks Foundation For Animal Welfare. Check back for updated IRS 990 analysis.
Are donations to The William And Charlotte Parks Foundation For Animal Welfare tax-deductible?
The William And Charlotte Parks Foundation For Animal Welfare is registered as a tax-exempt nonprofit (EIN: 222552893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The William And Charlotte Parks Foundation For Animal Welfare CEO make?
The William And Charlotte Parks Foundation For Animal Welfare's highest-compensated officer earns $306,776 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The William And Charlotte Parks Foundation For Animal Welfare compare to similar nonprofits?
With a transparency score of 75/100 (Good), The William And Charlotte Parks Foundation For Animal Welfare is above average for NTEE category D120 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The William And Charlotte Parks Foundation For Animal Welfare located?
The William And Charlotte Parks Foundation For Animal Welfare is headquartered in Glen Allen, Virginia and files with the IRS under EIN 222552893. It is classified under NTEE code D120.
How many years of IRS 990 filings does The William And Charlotte Parks Foundation For Animal Welfare have?
The William And Charlotte Parks Foundation For Animal Welfare has 11 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 $2.6M in total revenue.
What does The William And Charlotte Parks Foundation For Animal Welfare do?
The William And Charlotte Parks Foundation For Animal Welfare is a nonprofit organization in the Animal-Related sector, located in Glen Allen, Virginia. It is classified under NTEE code D120.
How much revenue does The William And Charlotte Parks Foundation For Animal Welfare have?
The William And Charlotte Parks Foundation For Animal Welfare reported total revenue of $2,558,630. Based on 11 IRS 990 filings on record.
What are The William And Charlotte Parks Foundation For Animal Welfare's total assets?
The William And Charlotte Parks Foundation For Animal Welfare holds total assets of $5,570,133 as reported in IRS 990 filings.
Where is The William And Charlotte Parks Foundation For Animal Welfare located?
The William And Charlotte Parks Foundation For Animal Welfare is based in Glen Allen, Virginia.
What is The William And Charlotte Parks Foundation For Animal Welfare's EIN?
The William And Charlotte Parks Foundation For Animal Welfare's Employer Identification Number (EIN) is 222552893. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The William And Charlotte Parks Foundation For Animal Welfare?
The William And Charlotte Parks Foundation For Animal Welfare is classified under NTEE code D120 (Animal-Related).
Is The William And Charlotte Parks Foundation For Animal Welfare a registered 501(c)(3)?
Yes, The William And Charlotte Parks Foundation For Animal Welfare is recognized as a tax-exempt organization by the IRS. EIN: 222552893.
Does The William And Charlotte Parks Foundation For Animal Welfare file IRS Form 990?
Yes, The William And Charlotte Parks Foundation For Animal Welfare has 11 IRS Form 990 filings on record. The most recent covers tax period 202405.
What was The William And Charlotte Parks Foundation For Animal Welfare's revenue in 2024?
In the 202405 filing period, The William And Charlotte Parks Foundation For Animal Welfare reported total revenue of $477,550, total expenses of $306,776, and net assets of $5,570,133.
Is The William And Charlotte Parks Foundation For Animal Welfare's revenue growing or declining?
The William And Charlotte Parks Foundation For Animal Welfare's revenue is growing. Revenue went from $172,905 (202305) to $477,550 (202405), a +176.2% change. Based on 11 filings on record.
What is The William And Charlotte Parks Foundation For Animal Welfare's most recent 990 filing?
The most recent IRS Form 990 filing for The William And Charlotte Parks Foundation For Animal Welfare covers tax period 202405. It shows revenue of $477,550, expenses of $306,776, total assets of $5,570,133, and liabilities of N/A.
Is The William And Charlotte Parks Foundation For Animal Welfare a trustworthy charity?
Based on AI analysis of IRS 990 data, The William And Charlotte Parks Foundation For Animal Welfare appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for The William And Charlotte Parks Foundation For Animal Welfare?
The following concerns were identified: 100% of reported expenses are administrative, with 0% allocated to programs or fundraising, raising questions about direct impact.. Revenue has been highly inconsistent, ranging from $172,905 in 2023 to $2,558,630 in 2024, making financial planning and sustainability unclear.. The foundation holds substantial assets ($5,570,133 in 2024) but does not appear to directly fund programs or services based on expense reporting.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The William And Charlotte Parks Foundation For Animal Welfare's strengths?
Positive indicators for The William And Charlotte Parks Foundation For Animal Welfare include: Maintains a strong asset base, consistently over $4.8 million, indicating financial stability.. Has a long operational history with consistent annual filings.. These findings are derived from AI analysis of the organization's financial filings.
How does The William And Charlotte Parks Foundation For Animal Welfare compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given 100% of expenses are administrative, it is likely a significant component of the $306,776 in administrative costs reported in 2024. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program expenses, what is the actual mechanism through which The William And Charlotte Parks Foundation For Animal Welfare achieves its mission?
The provided data suggests the foundation does not directly fund programs or services. Its mission fulfillment, if any, must occur through indirect means not captured in the expense breakdown, or it primarily functions as an asset holding entity.
With administrative expenses consistently around $300,000 annually, how does the foundation justify these costs without any direct program or fundraising expenditures?
The justification for these administrative costs, such as $306,776 in 2024, is unclear without further detail on what these expenses cover, especially in the absence of any reported program or fundraising activities.
Filing History
IRS 990 filing history for The William And Charlotte Parks Foundation For Animal Welfare showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), The William And Charlotte Parks Foundation For Animal Welfare's revenue has grown by 77.9%, moving from $268K to $478K. Total assets increased by 29.6% over the same period, from $4.3M to $5.6M. Total functional expenses rose by 12.3%, from $273K to $307K. In its most recent filing year (2024), The William And Charlotte Parks Foundation For Animal Welfare reported a surplus of $171K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $478K | $307K | $5.6M | $0 | — | — |
| 2023 | $173K | $318K | $5.4M | $0 | — | — |
| 2022 | $726K | $321K | $5.6M | $0 | — | View 990 |
| 2021 | $457K | $269K | $5.1M | $0 | — | View 990 |
| 2018 | $479K | $305K | $5.2M | $0 | — | — |
| 2017 | $465K | $298K | $5.0M | $0 | — | View 990 |
| 2016 | $321K | $309K | $4.9M | $0 | — | View 990 |
| 2015 | $389K | $308K | $4.8M | $0 | — | View 990 |
| 2014 | $724K | $281K | $4.8M | $0 | — | View 990 |
| 2013 | $282K | $253K | $4.3M | $0 | — | View 990 |
| 2012 | $268K | $273K | $4.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $478K, expenses of $307K, and assets of $5.6M (revenue +176.2% year-over-year).
- 2023: Revenue of $173K, expenses of $318K, and assets of $5.4M (revenue -76.2% year-over-year).
- 2022: Revenue of $726K, expenses of $321K, and assets of $5.6M (revenue +58.7% year-over-year).
- 2021: Revenue of $457K, expenses of $269K, and assets of $5.1M (revenue -4.6% year-over-year).
- 2018: Revenue of $479K, expenses of $305K, and assets of $5.2M (revenue +3.1% year-over-year).
- 2017: Revenue of $465K, expenses of $298K, and assets of $5.0M (revenue +44.9% year-over-year).
- 2016: Revenue of $321K, expenses of $309K, and assets of $4.9M (revenue -17.5% year-over-year).
- 2015: Revenue of $389K, expenses of $308K, and assets of $4.8M (revenue -46.3% year-over-year).
- 2014: Revenue of $724K, expenses of $281K, and assets of $4.8M (revenue +156.9% year-over-year).
- 2013: Revenue of $282K, expenses of $253K, and assets of $4.3M (revenue +4.9% year-over-year).
- 2012: Revenue of $268K, expenses of $273K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The William And Charlotte Parks Foundation For Animal Welfare:
Data Sources and Methodology
This transparency report for The William And Charlotte Parks Foundation For Animal Welfare 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.