Quick charity verification for Friends Of Hudson River Park Inc (EIN: 134112913)
Verdict: Friends Of Hudson River Park Inc appears trustworthy
85/100Mission Score
$6.2MRevenue
$2.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation.
Reported a significant deficit of $632,098 in the 202303 fiscal period, indicating expenses outpaced revenue for that year.
Strengths
Long history of operations with 13 IRS 990 filings, demonstrating consistent reporting and longevity.
Significant growth in assets from $647,143 in 201403 to $3,496,865 in 202303, indicating financial growth and capacity.
Generally strong revenue generation, with latest revenue at $6,154,137, supporting its mission.
Consistent engagement in its mission as evidenced by sustained revenue and expense levels over a decade.
Spending Breakdown
How Friends Of Hudson River Park Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Hudson River Park Inc
Is Friends Of Hudson River Park Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Hudson River Park Inc (EIN: 134112913) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Friends Of Hudson River Park Inc a good charity to donate to?
Friends Of Hudson River Park Inc has a Mission Score of 85/100. Revenue: $6.2M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Hudson River Park Inc?
The Employer Identification Number (EIN) for Friends Of Hudson River Park Inc is 134112913. 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 Hudson River Park Inc spend its money?
Friends Of Hudson River Park Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Hudson River Park Inc's tax-exempt status?
You can verify Friends Of Hudson River Park Inc's tax-exempt status using EIN 134112913 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 Hudson River Park Inc demonstrates generally sound financial health, with consistent revenue generation over the past decade. While the organization experienced a deficit in the 202303 period, with expenses exceeding revenue by over $630,000, this follows several years of positive net income or near break-even operations. The organization's assets have shown growth, reaching $3,496,865 in 202303, indicating a build-up of resources. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which would warrant further investigation.
Spending efficiency appears to be reasonable, though without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. The organization's mission to support Hudson River Park is clear, and its financial activities align with the scale of operations expected for a significant urban park conservancy. The fluctuation in revenue and expenses, such as the peak revenue of $7,542,682 in 201703 and the subsequent dip, suggests responsiveness to funding opportunities and project cycles.
Overall, Friends Of Hudson River Park Inc appears to be a financially stable organization with a long history of operations. The consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to transparency. The primary area for deeper analysis would be the detailed functional expense breakdown to fully understand spending efficiency and the nature of the 0% officer compensation reporting.