Community Improvement (S20) IRS Verified DX Registered 990 on File

PARKS AREA FOUNDATION

EIN: 31-1742335 · DES MOINES, IA 50316-0323 · United States · FY 2024 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 84/100

Reliability (20%) 50/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The purpose of The Foundation is to serve the Highland Park, Oak Park and Union Park areas of Des Moines, Iowa. Our mission is to create a safe, exciting outdoor recreational hub in a historic setting that is a regional venue for the arts and various events to enhance quality of life.

Financial Overview — FY 2024

$-7,103

Total Revenue

$22K

Total Expenses

$536K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 92.7%

Fundraising Efficiency 0.0%

Operating Reserve 294.44x

Liability-to-Asset 0.8%

Revenue Diversification N/A

Compared with Peers

FY 2024

Compared with 4,006 similar organizations (United States, Community Improvement, under $100K in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	92.7%	81.7%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	7.3%	10.6%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	40.5%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	294.4 mo	23.9 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.8%	0.0%	P10P90	Below median
Revenue growth Year over year revenue growth	-88.2%	-1.9%	P10P90
Expense growth Year over year expense growth	20.0%	-1.6%	P10P90
Surplus margin Surplus as a share of revenue	407.4%	11.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$-7,103	$22K	$536K	92.7%
2023	$-60,413	$18K	$565K	100.0%
2022	$146K	$22K	$643K	54.2%
2021	$7K	$81K	N/A	—

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Organization Details

EIN: 31-1742335
State: IA
City: DES MOINES
ZIP: 50316-0323
Classification: S20
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2013
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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