Friends Of Hamilton County Parks Inc
Friends Of Hamilton County Parks Inc shows strong asset growth but experienced a significant deficit in 2023.
EIN: 205360193 · Carmel, IN · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $534K |
| Total Expenses | $689K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Friends Of Hamilton County Parks Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Hamilton County Parks Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Hamilton County Parks Inc
Friends Of Hamilton County Parks Inc (EIN: 205360193) is a nonprofit organization based in Carmel, IN, classified under NTEE code N32. The organization reported total revenue of $534K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Hamilton County Parks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Hamilton County Parks Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $441K |
| Total Expenses | $689K |
| Surplus / Deficit | $-248,467 |
| Total Assets | $1.7M |
| Total Liabilities | $2K |
| Net Assets | $1.7M |
| Operating Margin | -56.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 30.1 months |
Financial Health Grade: B
In 2023, Friends Of Hamilton County Parks Inc reported a deficit of $248K with expenses exceeding revenue, holds 30.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Friends Of Hamilton County Parks Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | +347.1% | -11.4% |
| 2022 | +31.9% | -25.6% | +23.2% |
| 2021 | +2.5% | -30.1% | +14.2% |
| 2020 | +0.9% | -6.6% | +11.3% |
| 2019 | +15.7% | +86.4% | +11.1% |
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 Friends Of Hamilton County Parks 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of Hamilton County Parks Inc 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 $248K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is entirely volunteer-based, which is highly efficient and directs more funds 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 Friends Of Hamilton County Parks Inc's IRS 990 filings:
- Significant deficit in 2023: Expenses ($689,311) substantially exceeded revenue ($440,844) in the most recent filing period.
- Sudden increase in liabilities in 2023: Liabilities jumped to $2,229 in 2023, after being minimal or zero in most previous years.
Strengths
The following positive indicators were identified for Friends Of Hamilton County Parks Inc:
- Consistent asset growth: Assets have steadily increased from $741,929 in 2014 to $1,966,392 currently.
- 0% Officer Compensation: No compensation reported for officers across all filings, indicating volunteer leadership and efficient use of funds.
- Stable revenue generation: The organization has consistently generated revenue in the range of $350,000 to $550,000 annually over the past decade.
- Clear mission alignment: The NTEE code N32 (Parks and Recreation) aligns perfectly with the organization's name and presumed activities.
Frequently Asked Questions about Friends Of Hamilton County Parks Inc
Is Friends Of Hamilton County Parks Inc a legitimate charity?
Friends Of Hamilton County Parks Inc (EIN: 205360193) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $534K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Friends Of Hamilton County Parks Inc spend its money?
Friends Of Hamilton County Parks Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Hamilton County Parks Inc tax-deductible?
Friends Of Hamilton County Parks Inc is registered as a tax-exempt nonprofit (EIN: 205360193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Hamilton County Parks Inc's spending goes to programs?
Friends Of Hamilton County Parks Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Hamilton County Parks Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Hamilton County Parks Inc 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 Hamilton County Parks Inc located?
Friends Of Hamilton County Parks Inc is headquartered in Carmel, Indiana and files with the IRS under EIN 205360193. It is classified under NTEE code N32.
How many years of IRS 990 filings does Friends Of Hamilton County Parks Inc have?
Friends Of Hamilton County Parks Inc has 12 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 $534K in total revenue.
What caused the significant increase in expenses and liabilities in the 2023 fiscal year?
The 2023 filing shows expenses of $689,311 against revenue of $440,844, and liabilities increased to $2,229, which is a notable deviation from prior years' financial patterns.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests a strong reliance on volunteer leadership and potentially a lean operational structure, allowing more funds to be allocated to program activities.
What is the long-term strategy for managing the organization's growing assets?
Assets have grown from $741,929 in 2014 to $1,966,392 currently, indicating successful asset accumulation, and understanding the strategy behind this growth and its utilization for the mission is key.
Filing History
IRS 990 filing history for Friends Of Hamilton County Parks Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Friends Of Hamilton County Parks Inc's revenue has grown by 16.8%, moving from $378K to $441K. Total assets increased by 370.3% over the same period, from $367K to $1.7M. Total functional expenses fell by 34.5%, from $1.1M to $689K. In its most recent filing year (2023), Friends Of Hamilton County Parks Inc reported a deficit of $248K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $441K | $689K | $1.7M | $2K | — | — |
| 2022 | $559K | $154K | $2.0M | $2K | — | View 990 |
| 2021 | $424K | $207K | $1.6M | $2K | — | View 990 |
| 2020 | $413K | $296K | $1.4M | $5K | — | — |
| 2019 | $410K | $317K | $1.2M | $0 | — | View 990 |
| 2018 | $354K | $170K | $1.1M | $246 | — | View 990 |
| 2017 | $364K | $170K | $946K | $2K | — | — |
| 2016 | $366K | $503K | $940K | $0 | — | View 990 |
| 2015 | $478K | $143K | $1.1M | $0 | — | View 990 |
| 2014 | $385K | $204K | $742K | $0 | — | View 990 |
| 2012 | $330K | $478K | $643K | $0 | — | View 990 |
| 2011 | $378K | $1.1M | $367K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $441K, expenses of $689K, and assets of $1.7M (revenue -21.1% year-over-year).
- 2022: Revenue of $559K, expenses of $154K, and assets of $2.0M (revenue +31.9% year-over-year).
- 2021: Revenue of $424K, expenses of $207K, and assets of $1.6M (revenue +2.5% year-over-year).
- 2020: Revenue of $413K, expenses of $296K, and assets of $1.4M (revenue +0.9% year-over-year).
- 2019: Revenue of $410K, expenses of $317K, and assets of $1.2M (revenue +15.7% year-over-year).
- 2018: Revenue of $354K, expenses of $170K, and assets of $1.1M (revenue -2.6% year-over-year).
- 2017: Revenue of $364K, expenses of $170K, and assets of $946K (revenue -0.7% year-over-year).
- 2016: Revenue of $366K, expenses of $503K, and assets of $940K (revenue -23.3% year-over-year).
- 2015: Revenue of $478K, expenses of $143K, and assets of $1.1M (revenue +23.9% year-over-year).
- 2014: Revenue of $385K, expenses of $204K, and assets of $742K (revenue +16.9% year-over-year).
- 2012: Revenue of $330K, expenses of $478K, and assets of $643K (revenue -12.7% year-over-year).
- 2011: Revenue of $378K, expenses of $1.1M, and assets of $367K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Hamilton County Parks Inc:
Data Sources and Methodology
This transparency report for Friends Of Hamilton County Parks 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.