Elliot Park Neighborhood Inc
EIN: 411281612 · Minneapolis, MN
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $121K |
| Net Assets | $241K |
Is Elliot Park Neighborhood Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elliot Park Neighborhood Inc
Elliot Park Neighborhood Inc (EIN: 411281612) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $152K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elliot Park Neighborhood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elliot Park Neighborhood Inc is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $121K |
| Surplus / Deficit | $-11,599 |
| Total Assets | $242K |
| Total Liabilities | $1K |
| Net Assets | $241K |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 23.9 months |
Financial Health Grade: B
In 2023, Elliot Park Neighborhood Inc reported a deficit of $12K with expenses exceeding revenue, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elliot Park Neighborhood Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.5% | -18.8% | -12.8% |
| 2022 | -7.5% | -11.2% | +11.4% |
| 2021 | +0.9% | +20.2% | -5.7% |
| 2020 | +1.0% | -16.8% | +15.0% |
| 2019 | +9.3% | +12.9% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elliot Park Neighborhood Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elliot Park Neighborhood Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Elliot Park Neighborhood Inc
Is Elliot Park Neighborhood Inc a legitimate charity?
Elliot Park Neighborhood Inc (EIN: 411281612) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $152K. No red flags identified. Financial health grade: B.
How does Elliot Park Neighborhood Inc spend its money?
Elliot Park Neighborhood Inc reported $152K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elliot Park Neighborhood Inc tax-deductible?
Elliot Park Neighborhood Inc is registered as a tax-exempt nonprofit (EIN: 411281612). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elliot Park Neighborhood Inc located?
Elliot Park Neighborhood Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411281612.
How many years of IRS 990 filings does Elliot Park Neighborhood Inc have?
Elliot Park Neighborhood Inc 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 $152K in total revenue.
Filing History
IRS 990 filing history for Elliot Park Neighborhood Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elliot Park Neighborhood Inc's revenue has declined by 62.5%, moving from $292K to $110K. Total assets increased by 0.8% over the same period, from $240K to $242K. Total functional expenses fell by 50.8%, from $246K to $121K. In its most recent filing year (2023), Elliot Park Neighborhood Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1K in liabilities against $242K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $241K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $121K | $242K | $1K | — | View 990 |
| 2022 | $155K | $149K | $277K | $25K | — | View 990 |
| 2021 | $168K | $168K | $249K | $2K | — | — |
| 2020 | $167K | $140K | $264K | $17K | — | View 990 |
| 2019 | $165K | $168K | $230K | $10K | — | View 990 |
| 2018 | $151K | $149K | $238K | $15K | — | View 990 |
| 2017 | $117K | $132K | $234K | $12K | — | — |
| 2016 | $105K | $119K | $251K | $14K | — | View 990 |
| 2015 | $147K | $128K | $275K | $24K | — | View 990 |
| 2014 | $205K | $161K | $264K | $32K | — | View 990 |
| 2013 | $212K | $235K | $223K | $36K | — | View 990 |
| 2012 | $248K | $236K | $244K | $33K | — | View 990 |
| 2011 | $292K | $246K | $240K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $121K, and assets of $242K (revenue -29.5% year-over-year).
- 2022: Revenue of $155K, expenses of $149K, and assets of $277K (revenue -7.5% year-over-year).
- 2021: Revenue of $168K, expenses of $168K, and assets of $249K (revenue +0.9% year-over-year).
- 2020: Revenue of $167K, expenses of $140K, and assets of $264K (revenue +1.0% year-over-year).
- 2019: Revenue of $165K, expenses of $168K, and assets of $230K (revenue +9.3% year-over-year).
- 2018: Revenue of $151K, expenses of $149K, and assets of $238K (revenue +29.4% year-over-year).
- 2017: Revenue of $117K, expenses of $132K, and assets of $234K (revenue +11.0% year-over-year).
- 2016: Revenue of $105K, expenses of $119K, and assets of $251K (revenue -28.7% year-over-year).
- 2015: Revenue of $147K, expenses of $128K, and assets of $275K (revenue -28.1% year-over-year).
- 2014: Revenue of $205K, expenses of $161K, and assets of $264K (revenue -3.2% year-over-year).
- 2013: Revenue of $212K, expenses of $235K, and assets of $223K (revenue -14.4% year-over-year).
- 2012: Revenue of $248K, expenses of $236K, and assets of $244K (revenue -15.3% year-over-year).
- 2011: Revenue of $292K, expenses of $246K, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elliot Park Neighborhood Inc:
Data Sources and Methodology
This transparency report for Elliot Park Neighborhood 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.