Central Park School For Children Foundation
Central Park School For Children Foundation maintains substantial assets despite recent operational deficits, with no reported executive compensation.
EIN: 201582345 · Durham, NC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $936K |
| Total Expenses | $860K |
| Program Spending | 90% |
| Net Assets | $5.2M |
| Transparency Score | 92/100 |
Is Central Park School For Children Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Park School For Children Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Park School For Children Foundation
Central Park School For Children Foundation (EIN: 201582345) is a nonprofit organization based in Durham, NC, classified under NTEE code B11. The organization reported total revenue of $936K and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Park School For Children Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Park School For Children Foundation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $397K |
| Total Expenses | $860K |
| Surplus / Deficit | $-463,313 |
| Total Assets | $11.7M |
| Total Liabilities | $6.5M |
| Net Assets | $5.2M |
| Operating Margin | -116.7% |
| Debt-to-Asset Ratio | 55.7% |
| Months of Reserves | 162.7 months |
Financial Health Grade: C
In 2023, Central Park School For Children Foundation reported a deficit of $463K with expenses exceeding revenue, holds 162.7 months of operating reserves (strong position), has a debt-to-asset ratio of 55.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Park School For Children Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.4% | +11.9% | -0.8% |
| 2022 | +397.6% | +910.4% | +641.5% |
| 2021 | +179.9% | +79.5% | +46.3% |
| 2020 | -79.9% | -34.0% | +8.6% |
| 2019 | +32.1% | -2.6% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Park School For Children Foundation with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Central Park School For Children Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $463K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor trust and resource allocation.
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 Central Park School For Children Foundation's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $860,283 vs. revenue $396,970), though potentially covered by reserves.
Strengths
The following positive indicators were identified for Central Park School For Children Foundation:
- No reported officer compensation across all filings, indicating efficient use of funds.
- Substantial and growing asset base, reaching $12,045,631, providing financial stability.
- Long history of filings (13 filings), demonstrating consistent operation and transparency.
- Strong program focus implied by the NTEE code and the absence of high administrative costs.
Frequently Asked Questions about Central Park School For Children Foundation
Is Central Park School For Children Foundation a legitimate charity?
Central Park School For Children Foundation (EIN: 201582345) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $936K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Central Park School For Children Foundation spend its money?
Central Park School For Children Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Central Park School For Children Foundation tax-deductible?
Central Park School For Children Foundation is registered as a tax-exempt nonprofit (EIN: 201582345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Central Park School For Children Foundation's spending goes to programs?
Central Park School For Children Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Park School For Children Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Central Park School For Children Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Park School For Children Foundation located?
Central Park School For Children Foundation is headquartered in Durham, North Carolina and files with the IRS under EIN 201582345. It is classified under NTEE code B11.
How many years of IRS 990 filings does Central Park School For Children Foundation have?
Central Park School For Children Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $936K in total revenue.
Is Central Park School For Children Foundation a good charity?
Based on the available data, the Central Park School For Children Foundation appears to be a good charity. It has substantial assets ($12,045,631), no reported officer compensation, and a history of growth. While recent expenses have exceeded revenue, this is not uncommon for organizations utilizing reserves for strategic initiatives, especially given their strong asset base.
Why are expenses higher than revenue in recent years?
In recent years, such as 2023 ($860,283 expenses vs. $396,970 revenue) and 2022 ($768,744 expenses vs. $274,846 revenue), expenses have significantly exceeded revenue. This could be due to strategic investments, major program expansions, or the utilization of accumulated reserves to fund operations or specific projects. Given the substantial asset base, this might indicate planned spending rather than financial distress.
What is the purpose of the significant liabilities reported?
The organization reported significant liabilities, such as $6,500,000 in 2023 and $7,715,463 in 2022. Without further detail, these could represent long-term debt, mortgages related to property, or other financial obligations. Given the NTEE code B11 (Elementary & Secondary Education), these might be related to facility development or expansion for the school.
Filing History
IRS 990 filing history for Central Park School For Children Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Park School For Children Foundation's revenue has grown by 837.6%, moving from $42K to $397K. Total assets increased by 1563.8% over the same period, from $701K to $11.7M. Total functional expenses rose by 1721.7%, from $47K to $860K. In its most recent filing year (2023), Central Park School For Children Foundation reported a deficit of $463K, with expenses exceeding revenue. The organization holds $6.5M in liabilities against $11.7M in assets (debt-to-asset ratio: 55.7%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $397K | $860K | $11.7M | $6.5M | — | View 990 |
| 2022 | $275K | $769K | $11.8M | $7.7M | — | View 990 |
| 2021 | $55K | $76K | $1.6M | $1.2M | — | View 990 |
| 2020 | $20K | $42K | $1.1M | $812K | — | — |
| 2019 | $98K | $64K | $999K | $721K | — | View 990 |
| 2018 | $74K | $66K | $842K | $598K | — | View 990 |
| 2017 | $80K | $43K | $750K | $515K | — | View 990 |
| 2016 | $48K | $44K | $597K | $398K | — | View 990 |
| 2015 | $36K | $76K | $574K | $384K | — | View 990 |
| 2014 | $38K | $55K | $645K | $415K | — | View 990 |
| 2013 | $33K | $69K | $678K | $431K | — | View 990 |
| 2012 | $46K | $40K | $723K | $397K | — | View 990 |
| 2011 | $42K | $47K | $701K | $413K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $397K, expenses of $860K, and assets of $11.7M (revenue +44.4% year-over-year).
- 2022: Revenue of $275K, expenses of $769K, and assets of $11.8M (revenue +397.6% year-over-year).
- 2021: Revenue of $55K, expenses of $76K, and assets of $1.6M (revenue +179.9% year-over-year).
- 2020: Revenue of $20K, expenses of $42K, and assets of $1.1M (revenue -79.9% year-over-year).
- 2019: Revenue of $98K, expenses of $64K, and assets of $999K (revenue +32.1% year-over-year).
- 2018: Revenue of $74K, expenses of $66K, and assets of $842K (revenue -6.5% year-over-year).
- 2017: Revenue of $80K, expenses of $43K, and assets of $750K (revenue +64.5% year-over-year).
- 2016: Revenue of $48K, expenses of $44K, and assets of $597K (revenue +33.2% year-over-year).
- 2015: Revenue of $36K, expenses of $76K, and assets of $574K (revenue -4.2% year-over-year).
- 2014: Revenue of $38K, expenses of $55K, and assets of $645K (revenue +14.3% year-over-year).
- 2013: Revenue of $33K, expenses of $69K, and assets of $678K (revenue -28.4% year-over-year).
- 2012: Revenue of $46K, expenses of $40K, and assets of $723K (revenue +9.4% year-over-year).
- 2011: Revenue of $42K, expenses of $47K, and assets of $701K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Park School For Children Foundation:
Data Sources and Methodology
This transparency report for Central Park School For Children Foundation 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.