Friends Of Ballard Park
EIN: 50481809 · Newport, RI
| Metric | Value |
|---|---|
| Total Expenses | $173K |
| Net Assets | $123K |
Is Friends Of Ballard Park Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Ballard Park
Friends Of Ballard Park (EIN: 50481809) is a nonprofit organization based in Newport, RI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Ballard Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Ballard Park is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $173K |
| Surplus / Deficit | +$27K |
| Total Assets | $124K |
| Total Liabilities | $776 |
| Net Assets | $123K |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 8.6 months |
Financial Health Grade: A
In 2017, Friends Of Ballard Park reported a surplus of $27K with revenue exceeding expenses, holds 8.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2017), Friends Of Ballard Park's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -17.6% | -14.1% | +29.5% |
| 2016 | +43.0% | +18.1% | +77.4% |
| 2015 | -16.8% | -14.2% | -8.7% |
| 2014 | -4.5% | -4.7% | +20.5% |
| 2013 | +15.0% | +10.7% | +12.0% |
AI Analysis Pending
AI enrichment for Friends Of Ballard Park 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 Friends Of Ballard Park 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Friends Of Ballard Park
Is Friends Of Ballard Park a legitimate charity?
Friends Of Ballard Park (EIN: 50481809) is a registered tax-exempt nonprofit based in Rhode Island. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Friends Of Ballard Park spend its money?
Friends Of Ballard Park reported its financials in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of Ballard Park tax-deductible?
Friends Of Ballard Park is registered as a tax-exempt nonprofit (EIN: 50481809). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Ballard Park located?
Friends Of Ballard Park is headquartered in Newport, Rhode Island and files with the IRS under EIN 50481809.
How many years of IRS 990 filings does Friends Of Ballard Park have?
Friends Of Ballard Park has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Friends Of Ballard Park showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Friends Of Ballard Park's revenue has grown by 4.1%, moving from $192K to $200K. Total assets increased by 168% over the same period, from $46K to $124K. Total functional expenses fell by 9.3%, from $190K to $173K. In its most recent filing year (2017), Friends Of Ballard Park reported a surplus of $27K, with revenue exceeding expenses. The organization holds $776 in liabilities against $124K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $123K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $200K | $173K | $124K | $776 | — | View 990 |
| 2016 | $243K | $201K | $95K | $0 | — | View 990 |
| 2015 | $170K | $170K | $54K | $0 | — | View 990 |
| 2014 | $204K | $198K | $59K | $0 | — | View 990 |
| 2013 | $213K | $208K | $49K | $0 | — | View 990 |
| 2012 | $186K | $188K | $44K | $0 | — | View 990 |
| 2011 | $192K | $190K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $200K, expenses of $173K, and assets of $124K (revenue -17.6% year-over-year).
- 2016: Revenue of $243K, expenses of $201K, and assets of $95K (revenue +43.0% year-over-year).
- 2015: Revenue of $170K, expenses of $170K, and assets of $54K (revenue -16.8% year-over-year).
- 2014: Revenue of $204K, expenses of $198K, and assets of $59K (revenue -4.5% year-over-year).
- 2013: Revenue of $213K, expenses of $208K, and assets of $49K (revenue +15.0% year-over-year).
- 2012: Revenue of $186K, expenses of $188K, and assets of $44K (revenue -3.3% year-over-year).
- 2011: Revenue of $192K, expenses of $190K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Ballard Park:
Data Sources and Methodology
This transparency report for Friends Of Ballard Park 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.