Friends Of Greensboro Parks Andrecreation
Friends Of Greensboro Parks Andrecreation shows asset growth despite recent operational deficits.
EIN: 205638297 · Greensboro, NC · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $406K |
| Total Expenses | $273K |
| Program Spending | 85% |
| Net Assets | $444K |
| Transparency Score | 75/100 |
Is Friends Of Greensboro Parks Andrecreation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Greensboro Parks Andrecreation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Greensboro Parks Andrecreation
Friends Of Greensboro Parks Andrecreation (EIN: 205638297) is a nonprofit organization based in Greensboro, NC, classified under NTEE code N32. The organization reported total revenue of $406K and total assets of $658K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Greensboro Parks Andrecreation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Greensboro Parks Andrecreation is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $273K |
| Surplus / Deficit | $-114,708 |
| Total Assets | $448K |
| Total Liabilities | $4K |
| Net Assets | $444K |
| Operating Margin | -72.5% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Friends Of Greensboro Parks Andrecreation reported a deficit of $115K with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Greensboro Parks Andrecreation's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.8% | -44.9% | -19.8% |
| 2022 | +6.9% | +1584.7% | -7.6% |
| 2021 | +346.9% | -65.7% | +183.5% |
| 2020 | -38.3% | +282.0% | +4.1% |
| 2019 | +110.7% | -56.4% | +174.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Friends Of Greensboro Parks Andrecreation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Greensboro Parks Andrecreation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $115K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries, which is highly favorable for a nonprofit of this size and suggests a volunteer-driven leadership.
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 Friends Of Greensboro Parks Andrecreation's IRS 990 filings:
- Significant operational deficits in recent years (e.g., $114,708 in 2023, $45,838 in 2022).
- High volatility in annual revenue and expenses, making financial planning and sustainability uncertain.
Strengths
The following positive indicators were identified for Friends Of Greensboro Parks Andrecreation:
- Consistent growth in assets, from $27,418 in 2014 to $657,683 currently.
- 0% officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Friends Of Greensboro Parks Andrecreation
Is Friends Of Greensboro Parks Andrecreation a legitimate charity?
Friends Of Greensboro Parks Andrecreation (EIN: 205638297) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $406K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Friends Of Greensboro Parks Andrecreation spend its money?
Friends Of Greensboro Parks Andrecreation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Greensboro Parks Andrecreation tax-deductible?
Friends Of Greensboro Parks Andrecreation is registered as a tax-exempt nonprofit (EIN: 205638297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Greensboro Parks Andrecreation's spending goes to programs?
Friends Of Greensboro Parks Andrecreation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Greensboro Parks Andrecreation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of Greensboro Parks Andrecreation is above average for NTEE category N32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Greensboro Parks Andrecreation located?
Friends Of Greensboro Parks Andrecreation is headquartered in Greensboro, North Carolina and files with the IRS under EIN 205638297. It is classified under NTEE code N32.
How many years of IRS 990 filings does Friends Of Greensboro Parks Andrecreation have?
Friends Of Greensboro Parks Andrecreation 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 $406K in total revenue.
Is Friends Of Greensboro Parks Andrecreation financially stable?
While the organization has substantial assets of $657,683, its recent financial periods (2023 and 2022) show expenses exceeding revenue by significant margins ($114,708 and $45,838 respectively), indicating operational instability in the short term despite long-term asset growth.
How does Friends Of Greensboro Parks Andrecreation manage its administrative costs?
The organization reports 0% officer compensation across all filings, which is a strong indicator of very low administrative costs related to executive salaries. However, a full assessment would require detailed expense breakdowns beyond what is provided.
What caused the large expense increase in 2022?
In 2022, expenses jumped to $495,327 from $29,401 in 2021. This significant increase suggests a major project or expansion, but without further detail, the specific cause cannot be determined from the provided data.
Filing History
IRS 990 filing history for Friends Of Greensboro Parks Andrecreation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Greensboro Parks Andrecreation's revenue has grown by 180.6%, moving from $56K to $158K. Total assets increased by 835% over the same period, from $48K to $448K. Total functional expenses rose by 558.2%, from $41K to $273K. In its most recent filing year (2023), Friends Of Greensboro Parks Andrecreation reported a deficit of $115K, with expenses exceeding revenue. The organization holds $4K in liabilities against $448K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $444K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $158K | $273K | $448K | $4K | — | View 990 |
| 2022 | $449K | $495K | $559K | $0 | — | View 990 |
| 2021 | $421K | $29K | $605K | $0 | — | View 990 |
| 2020 | $94K | $86K | $213K | $0 | — | View 990 |
| 2019 | $153K | $22K | $205K | $0 | — | View 990 |
| 2018 | $72K | $51K | $75K | $0 | — | View 990 |
| 2017 | $52K | $86K | $38K | $0 | — | View 990 |
| 2016 | $62K | $42K | $72K | $0 | — | View 990 |
| 2015 | $68K | $44K | $52K | $0 | — | View 990 |
| 2014 | $5K | $17K | $27K | $0 | — | View 990 |
| 2013 | $10K | $18K | $40K | $0 | — | View 990 |
| 2012 | $20K | $21K | $48K | $0 | — | View 990 |
| 2011 | $56K | $41K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $158K, expenses of $273K, and assets of $448K (revenue -64.8% year-over-year).
- 2022: Revenue of $449K, expenses of $495K, and assets of $559K (revenue +6.9% year-over-year).
- 2021: Revenue of $421K, expenses of $29K, and assets of $605K (revenue +346.9% year-over-year).
- 2020: Revenue of $94K, expenses of $86K, and assets of $213K (revenue -38.3% year-over-year).
- 2019: Revenue of $153K, expenses of $22K, and assets of $205K (revenue +110.7% year-over-year).
- 2018: Revenue of $72K, expenses of $51K, and assets of $75K (revenue +39.8% year-over-year).
- 2017: Revenue of $52K, expenses of $86K, and assets of $38K (revenue -16.1% year-over-year).
- 2016: Revenue of $62K, expenses of $42K, and assets of $72K (revenue -9.5% year-over-year).
- 2015: Revenue of $68K, expenses of $44K, and assets of $52K (revenue +1264.5% year-over-year).
- 2014: Revenue of $5K, expenses of $17K, and assets of $27K (revenue -51.3% year-over-year).
- 2013: Revenue of $10K, expenses of $18K, and assets of $40K (revenue -49.5% year-over-year).
- 2012: Revenue of $20K, expenses of $21K, and assets of $48K (revenue -63.9% year-over-year).
- 2011: Revenue of $56K, expenses of $41K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Greensboro Parks Andrecreation:
Data Sources and Methodology
This transparency report for Friends Of Greensboro Parks Andrecreation 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.