Is Friends Of Greensboro Parks Andrecreation Legit?
Quick charity verification for Friends Of Greensboro Parks Andrecreation (EIN: 205638297)
Verdict: Friends Of Greensboro Parks Andrecreation appears trustworthy
75/100Mission Score
$406KRevenue
$658KAssets
2Red Flags
3Strengths
Red Flags
Significant operational deficits in recent years (e.g., $114,708 in 2023, $45,838 in 2022).
High volatility in annual revenue and expenses, making financial planning and sustainability uncertain.
Strengths
Consistent growth in assets, from $27,418 in 2014 to $657,683 currently.
0% officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
Spending Breakdown
How Friends Of Greensboro Parks Andrecreation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Friends Of Greensboro Parks Andrecreation
Is Friends Of Greensboro Parks Andrecreation a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Greensboro Parks Andrecreation (EIN: 205638297) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Friends Of Greensboro Parks Andrecreation a good charity to donate to?
Friends Of Greensboro Parks Andrecreation has a Mission Score of 75/100. Revenue: $406K. Assets: $658K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Greensboro Parks Andrecreation?
The Employer Identification Number (EIN) for Friends Of Greensboro Parks Andrecreation is 205638297. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Friends Of Greensboro Parks Andrecreation spend its money?
Friends Of Greensboro Parks Andrecreation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Greensboro Parks Andrecreation's tax-exempt status?
You can verify Friends Of Greensboro Parks Andrecreation's tax-exempt status using EIN 205638297 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Friends Of Greensboro Parks Andrecreation demonstrates a fluctuating financial performance over the past decade. While the organization has shown periods of strong revenue growth, such as the $449,489 in 2022 and $420,663 in 2021, it also experienced significant deficits, notably in 2023 where expenses of $272,921 far exceeded revenue of $158,213, and in 2022 where expenses of $495,327 outpaced revenue by nearly $46,000. The organization's assets have grown substantially from $27,418 in 2014 to $657,683 currently, indicating successful fundraising and asset accumulation over the long term, despite recent operational losses. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence regarding executive pay.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the absence of officer compensation suggests a focus on minimizing overhead in that specific area. The significant swings between revenue and expenses, particularly the large deficits in 2023 and 2022, warrant closer examination to understand if these are due to planned project expenditures or operational inefficiencies. The organization's consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency.
Overall, Friends Of Greensboro Parks Andrecreation appears to be a growing organization with a strong asset base, but its recent financial performance shows some volatility with expenses frequently exceeding revenue. The lack of officer compensation is a notable strength in terms of efficiency and transparency regarding executive pay. Further analysis of detailed expense categories would provide a clearer picture of its spending efficiency and program impact.