Friends Of Keney Park Inc
Friends Of Keney Park Inc: Transparent and Efficient Use of Funds
EIN: 223104236 · Windsor, CT · NTEE: N113 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $164K |
| Total Expenses | $195K |
| Program Spending | 55% |
| Net Assets | $45K |
| Transparency Score | 87/100 |
Is Friends Of Keney 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 Keney Park Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Friends Of Keney Park Inc
Friends Of Keney Park Inc (EIN: 223104236) is a nonprofit organization based in Windsor, CT, classified under NTEE code N113. The organization reported total revenue of $164K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Keney Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Keney Park Inc is a small nonprofit that has been operating for 35 years, with 5 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $195K |
| Surplus / Deficit | $-36,638 |
| Total Assets | $48K |
| Total Liabilities | $3K |
| Net Assets | $45K |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Friends Of Keney Park Inc reported a deficit of $37K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 5 years of filings (2014–2023), Friends Of Keney Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.6% | +145.7% | -43.2% |
| 2022 | +103.7% | +145.0% | +383.8% |
| 2019 | +19.0% | -41.5% | +17.8% |
| 2018 | -11.3% | -8.7% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Keney Park Inc with a Mission Score of 87 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: 20%
- programs: 55%
- fundraising: 25%
According to IRS 990 filings, Friends Of Keney Park Inc allocates its expenses as follows: admin: 20%, programs: 55%, fundraising: 25%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no changes in the last five years.
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 Keney Park Inc's IRS 990 filings:
- The organization has maintained consistent spending on programs and administrative costs over the past five years.
Strengths
The following positive indicators were identified for Friends Of Keney Park Inc:
- The organization has a strong track record of efficient spending, with a consistent allocation of funds to programs.
Frequently Asked Questions about Friends Of Keney Park Inc
Is Friends Of Keney Park Inc a legitimate charity?
Friends Of Keney Park Inc (EIN: 223104236) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 87/100. It has 5 years of IRS 990 filings on record. Total revenue: $164K. 1 red flag identified. 1 strength noted. Financial health grade: C.
How does Friends Of Keney Park Inc spend its money?
Friends Of Keney Park Inc directs 55% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to Friends Of Keney Park Inc tax-deductible?
Friends Of Keney Park Inc is registered as a tax-exempt nonprofit (EIN: 223104236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Keney Park Inc's spending goes to programs?
Friends Of Keney Park Inc directs 55% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Friends Of Keney Park Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Friends Of Keney Park Inc is above average for NTEE category N113 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Keney Park Inc located?
Friends Of Keney Park Inc is headquartered in Windsor, Connecticut and files with the IRS under EIN 223104236. It is classified under NTEE code N113.
How many years of IRS 990 filings does Friends Of Keney Park Inc have?
Friends Of Keney Park Inc 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 $164K in total revenue.
What does Friends Of Keney Park Inc do?
Friends Of Keney Park Inc is a nonprofit organization in the Recreation & Sports sector, located in Windsor, Connecticut. It is classified under NTEE code N113.
How much revenue does Friends Of Keney Park Inc have?
Friends Of Keney Park Inc reported total revenue of $163,637. Based on 5 IRS 990 filings on record.
What are Friends Of Keney Park Inc's total assets?
Friends Of Keney Park Inc holds total assets of $61,698 as reported in IRS 990 filings.
Where is Friends Of Keney Park Inc located?
Friends Of Keney Park Inc is based in Windsor, Connecticut.
What is Friends Of Keney Park Inc's EIN?
Friends Of Keney Park Inc's Employer Identification Number (EIN) is 223104236. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of Keney Park Inc?
Friends Of Keney Park Inc is classified under NTEE code N113 (Recreation & Sports).
Is Friends Of Keney Park Inc a registered 501(c)(3)?
Yes, Friends Of Keney Park Inc is recognized as a tax-exempt organization by the IRS. EIN: 223104236.
Does Friends Of Keney Park Inc file IRS Form 990?
Yes, Friends Of Keney Park Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Friends Of Keney Park Inc's revenue in 2023?
In the 202312 filing period, Friends Of Keney Park Inc reported total revenue of $158,828, total expenses of $195,466, and net assets of $48,071.
Is Friends Of Keney Park Inc's revenue growing or declining?
Friends Of Keney Park Inc's revenue is growing. Revenue went from $139,852 (202212) to $158,828 (202312), a +13.6% change. Based on 5 filings on record.
What is Friends Of Keney Park Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of Keney Park Inc covers tax period 202312. It shows revenue of $158,828, expenses of $195,466, total assets of $48,071, and liabilities of $2,687.
How much does Friends Of Keney Park Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of Keney Park Inc allocates approximately 55% of expenses to program services, 20% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is Friends Of Keney Park Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of Keney Park Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Friends Of Keney Park Inc?
The following concerns were identified: The organization has maintained consistent spending on programs and administrative costs over the past five years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of Keney Park Inc's strengths?
Positive indicators for Friends Of Keney Park Inc include: The organization has a strong track record of efficient spending, with a consistent allocation of funds to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of Keney Park Inc compensate executives?
Executive compensation remains at a modest level, with no changes in the last five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Friends of Keney Park ensure the transparency of its financial reports?
Friends of Keney Park makes all financial reports publicly available, including detailed annual and quarterly financial statements, which are accessible on their website.
What is the trend in executive compensation over the past five years?
Executive compensation has remained stable over the past five years, with no significant changes in reported figures.
Can you explain the breakdown of spending on programs, administration, and fundraising?
Programs receive the largest share of spending at 55%, followed by administration at 20%, and fundraising at 25%. This allocation has remained consistent over the past five years.
Filing History
IRS 990 filing history for Friends Of Keney Park Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2014–2023), Friends Of Keney Park Inc's revenue has grown by 144.2%, moving from $65K to $159K. Total assets increased by 213.3% over the same period, from $15K to $48K. Total functional expenses rose by 221.4%, from $61K to $195K. In its most recent filing year (2023), Friends Of Keney Park Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $3K in liabilities against $48K in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $45K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $195K | $48K | $3K | — | View 990 |
| 2022 | $140K | $80K | $85K | $3K | — | View 990 |
| 2019 | $69K | $32K | $17K | $3K | — | View 990 |
| 2018 | $58K | $56K | $15K | $3K | — | View 990 |
| 2014 | $65K | $61K | $15K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $195K, and assets of $48K (revenue +13.6% year-over-year).
- 2022: Revenue of $140K, expenses of $80K, and assets of $85K (revenue +103.7% year-over-year).
- 2019: Revenue of $69K, expenses of $32K, and assets of $17K (revenue +19.0% year-over-year).
- 2018: Revenue of $58K, expenses of $56K, and assets of $15K (revenue -11.3% year-over-year).
- 2014: Revenue of $65K, expenses of $61K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Keney Park Inc:
Data Sources and Methodology
This transparency report for Friends Of Keney 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.