Banana Kelly Community Improvement Association Inc

Banana Kelly Community Improvement Association Inc shows consistent revenue growth and zero reported officer compensation, with a notable deficit in 2021.

EIN: 132934000 · Bronx, NY · NTEE: S200 · Updated: 2026-03-28

$3.3MRevenue

$3.0MAssets

85/100Mission Score (Excellent)

S200

About Banana Kelly Community Improvement Association Inc

Banana Kelly Community Improvement Association Inc (EIN: 132934000) is a nonprofit organization based in Bronx, NY, classified under NTEE code S200. The organization reported total revenue of $3.3M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Banana Kelly Community Improvement Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Banana Kelly Community Improvement Association Inc demonstrates a generally stable financial position, with revenues consistently exceeding or closely matching expenses in most recent years. For instance, in 2023, revenue was $3,421,054 against expenses of $3,327,186, indicating a slight surplus. However, there was a significant deficit in 2021, with expenses of $4,275,037 far exceeding revenue of $2,703,318, which warrants further investigation into the cause and how it was managed. The organization's assets have shown growth over the decade, from $1,942,489 in 2014 to $3,459,764 in 2023, suggesting a healthy accumulation of resources. Liabilities have also increased but remain manageable relative to assets.

The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive sign for resource allocation directly to mission-related activities. The absence of reported officer compensation also contributes positively to transparency, as it clearly indicates that a significant portion of funds is not being diverted to high executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is limited.

Transparency is generally good, with consistent annual filings available. The consistent reporting of zero officer compensation is a notable positive. To further enhance transparency, the organization could provide more detailed breakdowns of its functional expenses, allowing stakeholders to better understand the allocation of funds across programs, administration, and fundraising. This would provide a clearer picture of how efficiently the organization is utilizing its resources to achieve its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Banana Kelly Community Improvement Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Banana Kelly Community Improvement Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for resource allocation to programs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Banana Kelly Community Improvement Association Inc's IRS 990 filings:

Significant deficit in 2021 ($1,571,719 difference between expenses and revenue) warrants further investigation.
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data limits full spending efficiency analysis.

Strengths

The following positive indicators were identified for Banana Kelly Community Improvement Association Inc:

Consistent reporting of 0% officer compensation, indicating strong resource allocation to mission.
Generally stable financial performance with revenues often exceeding expenses in recent years (e.g., 2023 revenue $3,421,054 vs. expenses $3,327,186).
Healthy growth in assets over the decade, from $1,942,489 in 2014 to $3,459,764 in 2023.
Consistent annual IRS 990 filings demonstrate good compliance and transparency.

Frequently Asked Questions about Banana Kelly Community Improvement Association Inc

What caused the significant expense spike and deficit in 2021?

In 2021, expenses were $4,275,037 against revenues of $2,703,318, resulting in a substantial deficit. Understanding the specific projects or operational changes that led to this increase would provide insight into financial management.

How does Banana Kelly Community Improvement Association Inc fund its executive leadership if officer compensation is consistently zero?

The consistent reporting of 0% officer compensation across all filings suggests that executive roles may be volunteer-based or compensated through other means not classified as 'officer compensation' on the 990. Clarification on this structure would be beneficial for full transparency.

What is the organization's strategy for managing liabilities, which have increased from $113,029 in 2014 to $892,885 in 2023?

While assets have grown, liabilities have also seen a significant increase over the decade. Understanding the nature of these liabilities (e.g., program-related debt, operational loans) and the strategy for managing them is important for long-term financial health.

Filing History

IRS 990 filing history for Banana Kelly Community Improvement Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Banana Kelly Community Improvement Association Inc's revenue has grown by 69.3%, moving from $2.0M to $3.4M. Total assets increased by 108.2% over the same period, from $1.7M to $3.5M. Total functional expenses rose by 267.7%, from $905K to $3.3M. In its most recent filing year (2023), Banana Kelly Community Improvement Association Inc reported a surplus of $94K, with revenue exceeding expenses. The organization holds $893K in liabilities against $3.5M in assets (debt-to-asset ratio: 25.8%), resulting in net assets of $2.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.4M	$3.3M	$3.5M	$893K	—	—
2022	$3.1M	$3.3M	$3.1M	$1.1M	—	View 990
2021	$2.7M	$4.3M	$3.3M	$1.2M	—	—
2020	$2.5M	$2.7M	$5.1M	$1.1M	—	View 990
2019	$3.2M	$2.5M	$4.9M	$1.4M	—	View 990
2018	$2.6M	$2.4M	$3.9M	$1.0M	—	View 990
2017	$2.4M	$2.0M	$3.4M	$804K	—	View 990
2016	$2.0M	$1.9M	$2.9M	$782K	—	View 990
2015	$1.8M	$1.7M	$2.5M	$546K	—	View 990
2014	$1.9M	$1.8M	$1.9M	$113K	—	View 990
2013	$1.4M	$1.3M	$1.8M	$99K	—	View 990
2012	$1.3M	$1.2M	$1.8M	$129K	—	View 990
2011	$2.0M	$905K	$1.7M	$36K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.4M, expenses of $3.3M, and assets of $3.5M (revenue +9.2% year-over-year).
2022: Revenue of $3.1M, expenses of $3.3M, and assets of $3.1M (revenue +15.9% year-over-year).
2021: Revenue of $2.7M, expenses of $4.3M, and assets of $3.3M (revenue +6.4% year-over-year).
2020: Revenue of $2.5M, expenses of $2.7M, and assets of $5.1M (revenue -20.3% year-over-year).
2019: Revenue of $3.2M, expenses of $2.5M, and assets of $4.9M (revenue +21.5% year-over-year).
2018: Revenue of $2.6M, expenses of $2.4M, and assets of $3.9M (revenue +7.9% year-over-year).
2017: Revenue of $2.4M, expenses of $2.0M, and assets of $3.4M (revenue +20.2% year-over-year).
2016: Revenue of $2.0M, expenses of $1.9M, and assets of $2.9M (revenue +10.6% year-over-year).
2015: Revenue of $1.8M, expenses of $1.7M, and assets of $2.5M (revenue -4.9% year-over-year).
2014: Revenue of $1.9M, expenses of $1.8M, and assets of $1.9M (revenue +40.1% year-over-year).
2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.8M (revenue +6.2% year-over-year).
2012: Revenue of $1.3M, expenses of $1.2M, and assets of $1.8M (revenue -36.1% year-over-year).
2011: Revenue of $2.0M, expenses of $905K, and assets of $1.7M.

Data Sources and Methodology

This transparency report for Banana Kelly Community Improvement Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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