Friends Of Hudson River Park Inc
Friends Of Hudson River Park Inc shows consistent revenue but reported a $632,098 deficit in the 202303 fiscal period.
EIN: 134112913 · New York, NY · NTEE: N32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $5.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $809K |
| Transparency Score | 85/100 |
Is Friends Of Hudson River Park 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 Hudson River Park Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Hudson River Park Inc
Friends Of Hudson River Park Inc (EIN: 134112913) is a nonprofit organization based in New York, NY, classified under NTEE code N32. The organization reported total revenue of $6.2M 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 Hudson River Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Hudson River Park Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-632,098 |
| Total Assets | $3.5M |
| Total Liabilities | $2.7M |
| Net Assets | $809K |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 76.9% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2023, Friends Of Hudson River Park Inc reported a deficit of $632K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 76.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Hudson River Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.2% | +36.2% | -0.8% |
| 2022 | +30.9% | +23.4% | +24.9% |
| 2021 | -11.1% | -7.5% | +25.3% |
| 2020 | -40.5% | -41.1% | +11.2% |
| 2019 | +29.6% | +62.2% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Hudson River Park 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Friends Of Hudson River Park Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $632K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues exceeding $6 million. This either indicates that no officers receive compensation or that compensation is reported under a different category, warranting further investigation for full transparency.
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 Hudson River Park Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation.
- Reported a significant deficit of $632,098 in the 202303 fiscal period, indicating expenses outpaced revenue for that year.
Strengths
The following positive indicators were identified for Friends Of Hudson River Park Inc:
- Long history of operations with 13 IRS 990 filings, demonstrating consistent reporting and longevity.
- Significant growth in assets from $647,143 in 201403 to $3,496,865 in 202303, indicating financial growth and capacity.
- Generally strong revenue generation, with latest revenue at $6,154,137, supporting its mission.
- Consistent engagement in its mission as evidenced by sustained revenue and expense levels over a decade.
Frequently Asked Questions about Friends Of Hudson River Park Inc
Is Friends Of Hudson River Park Inc a legitimate charity?
Friends Of Hudson River Park Inc (EIN: 134112913) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.2M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Friends Of Hudson River Park Inc spend its money?
Friends Of Hudson River Park Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Hudson River Park Inc tax-deductible?
Friends Of Hudson River Park Inc is registered as a tax-exempt nonprofit (EIN: 134112913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Hudson River Park Inc CEO make?
Friends Of Hudson River Park Inc's highest-compensated officer earns $6 annually. The organization reported $6.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Hudson River Park Inc's spending goes to programs?
Friends Of Hudson River Park Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Hudson River Park Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of Hudson River Park 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 Hudson River Park Inc located?
Friends Of Hudson River Park Inc is headquartered in New York, New York and files with the IRS under EIN 134112913. It is classified under NTEE code N32.
How many years of IRS 990 filings does Friends Of Hudson River Park Inc have?
Friends Of Hudson River Park 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 $6.2M in total revenue.
Is Friends Of Hudson River Park Inc a good charity?
Based on its consistent operations, asset growth, and long history of IRS 990 filings, it appears to be a well-established charity. However, a full assessment would require a detailed breakdown of program spending and clarification on the 0% officer compensation.
Why is officer compensation consistently reported as 0%?
This is an unusual finding for an organization with multi-million dollar revenues. It could mean that officers are uncompensated volunteers, or their compensation is reported in a different section of the 990, or through a related entity. Further review of the full 990 form would be necessary to understand this.
What caused the deficit in the 202303 fiscal period?
In the 202303 period, expenses ($5,856,661) exceeded revenue ($5,224,563) by $632,098. The specific reasons for this deficit would require a detailed review of the organization's financial statements to identify if it was due to increased program activities, capital expenditures, or other operational costs.
How has the organization's financial stability changed over time?
The organization has shown significant growth in assets, from $647,143 in 201403 to $3,496,865 in 202303, indicating improved financial stability. While revenue and expenses fluctuate, the overall trend suggests a growing and resilient organization.
What is the organization's primary source of funding?
Without the detailed 990 forms, the specific sources of funding (e.g., public contributions, grants, program service revenue) cannot be determined. However, given its mission, it likely relies on a mix of individual donations, corporate sponsorships, and grants.
Filing History
IRS 990 filing history for Friends Of Hudson River Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Hudson River Park Inc's revenue has grown by 334.2%, moving from $1.2M to $5.2M. Total assets increased by 484% over the same period, from $599K to $3.5M. Total functional expenses rose by 386%, from $1.2M to $5.9M. In its most recent filing year (2023), Friends Of Hudson River Park Inc reported a deficit of $632K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $3.5M in assets (debt-to-asset ratio: 76.9%), resulting in net assets of $809K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.9M | $3.5M | $2.7M | — | View 990 |
| 2022 | $4.4M | $4.3M | $3.5M | $2.1M | — | View 990 |
| 2021 | $3.4M | $3.5M | $2.8M | $1.5M | — | — |
| 2020 | $3.8M | $3.8M | $2.3M | $825K | — | View 990 |
| 2019 | $6.4M | $6.4M | $2.0M | $632K | — | View 990 |
| 2018 | $4.9M | $3.9M | $2.5M | $1.1M | — | View 990 |
| 2017 | $7.5M | $7.5M | $1.2M | $769K | — | View 990 |
| 2016 | $4.4M | $4.1M | $988K | $544K | — | View 990 |
| 2015 | $3.5M | $3.6M | $984K | $800K | — | View 990 |
| 2014 | $3.2M | $3.2M | $647K | $367K | — | View 990 |
| 2013 | $2.6M | $2.9M | $706K | $461K | — | View 990 |
| 2012 | $488K | $410K | $1.0M | $494K | — | View 990 |
| 2011 | $1.2M | $1.2M | $599K | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.9M, and assets of $3.5M (revenue +18.2% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.3M, and assets of $3.5M (revenue +30.9% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.5M, and assets of $2.8M (revenue -11.1% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.8M, and assets of $2.3M (revenue -40.5% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.4M, and assets of $2.0M (revenue +29.6% year-over-year).
- 2018: Revenue of $4.9M, expenses of $3.9M, and assets of $2.5M (revenue -34.7% year-over-year).
- 2017: Revenue of $7.5M, expenses of $7.5M, and assets of $1.2M (revenue +72.7% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.1M, and assets of $988K (revenue +25.4% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.6M, and assets of $984K (revenue +9.0% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.2M, and assets of $647K (revenue +23.7% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.9M, and assets of $706K (revenue +429.3% year-over-year).
- 2012: Revenue of $488K, expenses of $410K, and assets of $1.0M (revenue -59.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Hudson River Park Inc:
Data Sources and Methodology
This transparency report for Friends Of Hudson River Park 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.