Welles Park Parents Association
EIN: 364018896 · Chicago, IL · NTEE: N20
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $836K |
| Net Assets | $556K |
Is Welles Park Parents Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Welles Park Parents Association
Welles Park Parents Association (EIN: 364018896) is a nonprofit organization based in Chicago, IL, classified under NTEE code N20. The organization reported total revenue of $1.0M and total assets of $848K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Welles Park Parents Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Welles Park Parents Association is a mid-size nonprofit that has been operating for 30 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 19.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $836K |
| Surplus / Deficit | +$385K |
| Total Assets | $855K |
| Total Liabilities | $299K |
| Net Assets | $556K |
| Operating Margin | 31.6% |
| Debt-to-Asset Ratio | 34.9% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2021, Welles Park Parents Association reported a surplus of $385K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 34.9% (moderate leverage).
Financial Trends
Over 11 years of filings (2011–2021), Welles Park Parents Association's revenue has grown at a compound annual growth rate (CAGR) of 19.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +199.2% | +137.3% | +75.3% |
| 2020 | -15.1% | -23.7% | +135.7% |
| 2019 | +4.1% | +11.4% | +22.8% |
| 2018 | +11.3% | -4.0% | +21.5% |
| 2017 | +22.3% | +19.6% | +30.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Welles Park Parents Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Welles Park Parents Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $385K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.9%.
Frequently Asked Questions about Welles Park Parents Association
Is Welles Park Parents Association a legitimate charity?
Welles Park Parents Association (EIN: 364018896) is a registered tax-exempt nonprofit based in Illinois. It has 11 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: A.
How does Welles Park Parents Association spend its money?
Welles Park Parents Association reported $1.0M in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Welles Park Parents Association tax-deductible?
Welles Park Parents Association is registered as a tax-exempt nonprofit (EIN: 364018896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Welles Park Parents Association located?
Welles Park Parents Association is headquartered in Chicago, Illinois and files with the IRS under EIN 364018896. It is classified under NTEE code N20.
How many years of IRS 990 filings does Welles Park Parents Association have?
Welles Park Parents Association 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Welles Park Parents Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Welles Park Parents Association's revenue has grown by 508.8%, moving from $201K to $1.2M. Total assets increased by 2061.6% over the same period, from $40K to $855K. Total functional expenses rose by 338.3%, from $191K to $836K. In its most recent filing year (2021), Welles Park Parents Association reported a surplus of $385K, with revenue exceeding expenses. The organization holds $299K in liabilities against $855K in assets (debt-to-asset ratio: 34.9%), resulting in net assets of $556K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1.2M | $836K | $855K | $299K | — | View 990 |
| 2020 | $408K | $352K | $487K | $305K | — | View 990 |
| 2019 | $480K | $462K | $207K | $80K | — | View 990 |
| 2018 | $462K | $414K | $168K | $60K | — | View 990 |
| 2017 | $415K | $432K | $139K | $78K | — | View 990 |
| 2016 | $339K | $361K | $106K | $28K | — | View 990 |
| 2015 | $319K | $321K | $107K | $8K | — | View 990 |
| 2014 | $264K | $259K | $111K | $10K | — | View 990 |
| 2013 | $248K | $237K | $104K | $8K | — | View 990 |
| 2012 | $236K | $186K | $91K | $6K | — | View 990 |
| 2011 | $201K | $191K | $40K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1.2M, expenses of $836K, and assets of $855K (revenue +199.2% year-over-year).
- 2020: Revenue of $408K, expenses of $352K, and assets of $487K (revenue -15.1% year-over-year).
- 2019: Revenue of $480K, expenses of $462K, and assets of $207K (revenue +4.1% year-over-year).
- 2018: Revenue of $462K, expenses of $414K, and assets of $168K (revenue +11.3% year-over-year).
- 2017: Revenue of $415K, expenses of $432K, and assets of $139K (revenue +22.3% year-over-year).
- 2016: Revenue of $339K, expenses of $361K, and assets of $106K (revenue +6.4% year-over-year).
- 2015: Revenue of $319K, expenses of $321K, and assets of $107K (revenue +20.7% year-over-year).
- 2014: Revenue of $264K, expenses of $259K, and assets of $111K (revenue +6.4% year-over-year).
- 2013: Revenue of $248K, expenses of $237K, and assets of $104K (revenue +5.1% year-over-year).
- 2012: Revenue of $236K, expenses of $186K, and assets of $91K (revenue +17.8% year-over-year).
- 2011: Revenue of $201K, expenses of $191K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Welles Park Parents Association:
Data Sources and Methodology
This transparency report for Welles Park Parents Association 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.