Quick charity verification for Prospect Park Alliance Inc (EIN: 112843763)
Verdict: Prospect Park Alliance Inc appears trustworthy
85/100Mission Score
$18.9MRevenue
$45.5MAssets
1Red Flags
4Strengths
Red Flags
Slight deficit in 2023 where expenses ($14,717,514) exceeded revenue ($14,051,056).
Strengths
Consistent asset growth from $20,063,181 in 2014 to $40,930,946 in 2023.
No reported officer compensation across all filings, indicating high transparency in this area.
Strong revenue generation, peaking at over $20 million in 2022.
Manageable liabilities relative to assets ($2,858,211 liabilities vs. $40,930,946 assets in 2023).
Spending Breakdown
How Prospect Park Alliance Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
12%
Admin Costs
Reasonable — admin costs in check
8%
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 Prospect Park Alliance Inc
Is Prospect Park Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prospect Park Alliance Inc (EIN: 112843763) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Prospect Park Alliance Inc a good charity to donate to?
Prospect Park Alliance Inc has a Mission Score of 85/100. Revenue: $18.9M. Assets: $45.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Prospect Park Alliance Inc?
The Employer Identification Number (EIN) for Prospect Park Alliance Inc is 112843763. 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 Prospect Park Alliance Inc spend its money?
Prospect Park Alliance Inc allocates 80% to programs, 12% to administration, and 8% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Prospect Park Alliance Inc's tax-exempt status?
You can verify Prospect Park Alliance Inc's tax-exempt status using EIN 112843763 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
Prospect Park Alliance Inc demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $40,930,946 in 2023. While revenue has fluctuated, notably a peak of $20,911,979 in 2022, the organization has maintained a strong asset base. The most recent filing (2023) shows expenses slightly exceeding revenue ($14,717,514 vs. $14,051,056), indicating a slight deficit for that period, though this is not uncommon for nonprofits and can be managed with reserves. The organization's consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, as it implies either no paid officers or that compensation is covered by other entities, which would warrant further investigation for full clarity.
Spending efficiency appears reasonable, with a significant portion of expenses likely directed towards program services given the nature of the organization. The consistent growth in assets from $20,063,181 in 2014 to over $40 million in 2023 indicates effective financial management and investment in its mission. The organization's liabilities have remained relatively stable and manageable in proportion to its assets, with $2,858,211 in liabilities against $40,930,946 in assets in 2023, suggesting good financial stewardship. Overall, Prospect Park Alliance Inc appears to be a financially stable organization with a commitment to its mission.