Quick charity verification for Southern Queens Park Association Inc (EIN: 112432846)
Verdict: Southern Queens Park Association Inc shows mixed signals
45/100Mission Score
$3.7MRevenue
$438KAssets
4Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $1.3M in 2022, $0.96M in 2021).
High liabilities relative to assets, leading to negative net assets in some periods (e.g., 2022 assets $253,911 vs. liabilities $2,717,840).
Unusual 202306 filing with $0 revenue and expenses.
Lack of detailed spending breakdown beyond top-line figures in the provided data.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive salaries.
Long history of IRS 990 filings (13 filings), suggesting a commitment to compliance.
Historically managed significant revenue streams, often exceeding $2.5 million annually.
Spending Breakdown
How Southern Queens Park Association Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Southern Queens Park Association Inc
Is Southern Queens Park Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Queens Park Association Inc (EIN: 112432846) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Southern Queens Park Association Inc a good charity to donate to?
Southern Queens Park Association Inc has a Mission Score of 45/100. Revenue: $3.7M. Assets: $438K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Southern Queens Park Association Inc?
The Employer Identification Number (EIN) for Southern Queens Park Association Inc is 112432846. 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 Southern Queens Park Association Inc spend its money?
Southern Queens Park Association Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Southern Queens Park Association Inc's tax-exempt status?
You can verify Southern Queens Park Association Inc's tax-exempt status using EIN 112432846 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
Southern Queens Park Association Inc (SQPA) exhibits a concerning financial trend with consistent operating deficits in recent years. For example, in fiscal year 2022, the organization reported revenues of $2,518,390 against expenses of $3,814,678, resulting in a significant deficit. This pattern of spending more than it earns is unsustainable and has led to a negative net asset position in some years, such as 2022 where liabilities ($2,717,840) far exceeded assets ($253,911). The latest filing for 202306 shows zero revenue and expenses, which could indicate a late filing or a significant change in operations, warranting further investigation.
While the organization consistently reports 0% officer compensation, which suggests a commitment to directing funds towards its mission, the overall financial health is precarious. The substantial liabilities relative to assets in recent periods raise questions about long-term solvency and financial management. The lack of detailed spending breakdowns in the provided data makes it difficult to assess spending efficiency beyond the top-line revenue and expense figures, but the recurring deficits are a primary concern.
Transparency regarding program effectiveness and detailed financial allocations would be beneficial for SQPA. The consistent deficits and the significant increase in liabilities in 2022 are red flags that potential donors or stakeholders should consider. The organization needs to address its expenditure relative to its income to ensure its continued viability and impact.