Friends Of Hoyt Park
EIN: 264489369 · Fenton, MI · NTEE: N13
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $18K |
| Net Assets | $418K |
Is Friends Of Hoyt 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 Hoyt Park
Friends Of Hoyt Park (EIN: 264489369) is a nonprofit organization based in Fenton, MI, classified under NTEE code N13. The organization reported total revenue of $206K and total assets of $892K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Hoyt Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Hoyt Park is a small nonprofit that has been operating for 16 years, with 5 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -21.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $18K |
| Surplus / Deficit | +$33K |
| Total Assets | $418K |
| Net Assets | $418K |
| Operating Margin | 64.1% |
| Months of Reserves | 272.5 months |
Financial Health Grade: A
In 2019, Friends Of Hoyt Park reported a surplus of $33K with revenue exceeding expenses, holds 272.5 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2019), Friends Of Hoyt Park's revenue has declined at a compound annual growth rate (CAGR) of -21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -14.0% | -61.9% | +8.5% |
| 2018 | +1.7% | +280.1% | +3.0% |
| 2017 | +97.2% | -72.9% | +18.0% |
| 2015 | -91.5% | -86.0% | -14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Hoyt 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 Hoyt 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
Frequently Asked Questions about Friends Of Hoyt Park
Is Friends Of Hoyt Park a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Hoyt Park (EIN: 264489369) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of Hoyt Park spend its money?
Detailed spending breakdown data is not yet available for Friends Of Hoyt Park. Check back for updated IRS 990 analysis.
Are donations to Friends Of Hoyt Park tax-deductible?
Friends Of Hoyt Park is registered as a tax-exempt nonprofit (EIN: 264489369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Hoyt Park located?
Friends Of Hoyt Park is headquartered in Fenton, Michigan and files with the IRS under EIN 264489369. It is classified under NTEE code N13.
How many years of IRS 990 filings does Friends Of Hoyt Park have?
Friends Of Hoyt Park has 5 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 $206K in total revenue.
Filing History
IRS 990 filing history for Friends Of Hoyt Park showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2019), Friends Of Hoyt Park's revenue has declined by 85.3%, moving from $348K to $51K. Total assets increased by 13.4% over the same period, from $369K to $418K. Total functional expenses fell by 94.5%, from $336K to $18K. In its most recent filing year (2019), Friends Of Hoyt Park reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $51K | $18K | $418K | $0 | — | View 990 |
| 2018 | $60K | $48K | $386K | $0 | — | View 990 |
| 2017 | $59K | $13K | $374K | $0 | — | View 990 |
| 2015 | $30K | $47K | $317K | $0 | — | — |
| 2011 | $348K | $336K | $369K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $51K, expenses of $18K, and assets of $418K (revenue -14.0% year-over-year).
- 2018: Revenue of $60K, expenses of $48K, and assets of $386K (revenue +1.7% year-over-year).
- 2017: Revenue of $59K, expenses of $13K, and assets of $374K (revenue +97.2% year-over-year).
- 2015: Revenue of $30K, expenses of $47K, and assets of $317K (revenue -91.5% year-over-year).
- 2011: Revenue of $348K, expenses of $336K, and assets of $369K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Hoyt Park:
Data Sources and Methodology
This transparency report for Friends Of Hoyt 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.