Is Riverside Park Conservancy Inc Legit?

Quick charity verification for Riverside Park Conservancy Inc (EIN: 133443825)

Verdict: Riverside Park Conservancy Inc appears trustworthy

85/100Mission Score

$12.7MRevenue

$7.5MAssets

2Red Flags

4Strengths

Red Flags

Expenses exceeding revenue in recent fiscal periods (e.g., 2023 and 2022)
Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and could obscure executive remuneration if reported elsewhere.

Strengths

Consistent and significant revenue growth over the past decade (from $2.8M in 2014 to $9.8M in 2023).
Strong asset base relative to liabilities, indicating financial stability (e.g., $8.3M assets vs. $1.3M liabilities in 2023).
Regular and extensive IRS 990 filing history (14 filings), demonstrating transparency and compliance.
Mission alignment with NTEE code C115 (Parks and Playgrounds).

Spending Breakdown

How Riverside Park Conservancy 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 Riverside Park Conservancy Inc

Is Riverside Park Conservancy Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Riverside Park Conservancy Inc (EIN: 133443825) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Riverside Park Conservancy Inc a good charity to donate to?

Riverside Park Conservancy Inc has a Mission Score of 85/100. Revenue: $12.7M. Assets: $7.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Riverside Park Conservancy Inc?

The Employer Identification Number (EIN) for Riverside Park Conservancy Inc is 133443825. 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 Riverside Park Conservancy Inc spend its money?

Riverside Park Conservancy Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Riverside Park Conservancy Inc's tax-exempt status?

You can verify Riverside Park Conservancy Inc's tax-exempt status using EIN 133443825 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

Riverside Park Conservancy Inc demonstrates a consistent growth trajectory in revenue and assets over the past decade, indicating strong donor support and financial stability. For instance, revenue grew from $2,842,164 in 2014 to $9,872,947 in 2023, and assets increased from $2,106,848 to $8,389,739 in the same period. However, the organization has reported expenses exceeding revenue in several recent years, including 2023 ($11,557,151 expenses vs. $9,872,947 revenue) and 2022 ($9,737,559 expenses vs. $9,246,447 revenue). While this could be due to strategic investments or timing of grants, sustained deficits warrant closer examination.

The organization's financial health appears generally robust, supported by a healthy asset base relative to liabilities. Liabilities in 2023 were $1,381,385 against assets of $8,389,739, suggesting good liquidity. The NTEE code C115 (Parks and Playgrounds) aligns with its mission, and the consistent filing history indicates good compliance. The absence of reported officer compensation across all filings is a notable aspect of its transparency and operational structure, suggesting either volunteer leadership or compensation being reported under other expense categories, which would require further clarification for complete transparency.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent growth in revenue and assets suggests effective fundraising and program delivery. The recent trend of expenses exceeding revenue, while not immediately alarming given the asset base, is a point to monitor to ensure long-term financial sustainability and efficient resource allocation.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.