Quick charity verification for Park Slope Center For Mental Health Inc (EIN: 112982792)
Verdict: Park Slope Center For Mental Health Inc shows mixed signals
65/100Mission Score
$5.0MRevenue
$3.2MAssets
3Red Flags
3Strengths
Red Flags
Recurring operating deficits (expenses exceeding revenue in multiple years, including 202406, 202306, 202206, 201906, 201806, 201706, 201606, 201506).
Liabilities exceeding assets in the most recent filing (202406: $3,883,753 liabilities vs. $3,340,203 assets), indicating a negative net asset position.
Significant increase in liabilities in the latest period, from $1,465,323 in 202306 to $3,883,753 in 202406.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Significant growth in total assets over the past decade, from $456,009 in 201506 to $3,340,203 in 202406.
Latest reported revenue of $5,003,479 indicates a substantial scale of operations.
Spending Breakdown
How Park Slope Center For Mental Health Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Park Slope Center For Mental Health Inc
Is Park Slope Center For Mental Health Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Park Slope Center For Mental Health Inc (EIN: 112982792) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Park Slope Center For Mental Health Inc a good charity to donate to?
Park Slope Center For Mental Health Inc has a Mission Score of 65/100. Revenue: $5.0M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Park Slope Center For Mental Health Inc?
The Employer Identification Number (EIN) for Park Slope Center For Mental Health Inc is 112982792. 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 Park Slope Center For Mental Health Inc spend its money?
Park Slope Center For Mental Health Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Park Slope Center For Mental Health Inc's tax-exempt status?
You can verify Park Slope Center For Mental Health Inc's tax-exempt status using EIN 112982792 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
Park Slope Center For Mental Health Inc. demonstrates a fluctuating financial position over the past several years. While the organization's latest reported revenue is $5,003,479, the most recent filing (Period 202406) shows a significant operating deficit, with expenses of $2,877,714 exceeding revenue of $1,745,459. This trend of expenses exceeding revenue is also evident in several prior years, including 202306, 202206, 201906, 201806, 201706, 201606, and 201506, indicating a potential challenge in maintaining consistent financial stability. The organization's assets have shown growth, reaching $3,340,203 in 202406, but this is accompanied by a substantial increase in liabilities to $3,883,753 in the same period, raising concerns about its net asset position.
The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator for donor confidence. However, the recurring operating deficits warrant closer examination to understand their impact on long-term sustainability and program delivery. The organization's ability to manage these deficits and maintain its asset base while increasing liabilities will be crucial for its future financial health and capacity to fulfill its mission.
Given the available data, the organization appears to be transparent in its financial reporting through the IRS 990 filings. However, the financial health is somewhat concerning due to the persistent operating deficits and the recent increase in liabilities relative to assets. Further details on program spending efficiency would require a deeper dive into the functional expense breakdown, which is not provided in this summary.