Friends Of The Parks
EIN: 382920710 · Farmingtn Hls, MI · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $329K |
| Total Expenses | $12K |
| Net Assets | $440K |
Is Friends Of The Parks 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 The Parks
Friends Of The Parks (EIN: 382920710) is a nonprofit organization based in Farmingtn Hls, MI, classified under NTEE code B90. The organization reported total revenue of $329K and total assets of $486K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Parks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Parks is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $12K |
| Surplus / Deficit | +$62K |
| Total Assets | $440K |
| Net Assets | $440K |
| Operating Margin | 83.3% |
| Months of Reserves | 427.7 months |
Financial Health Grade: A
In 2024, Friends Of The Parks reported a surplus of $62K with revenue exceeding expenses, holds 427.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Friends Of The Parks's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -75.0% | -98.1% | +16.3% |
| 2023 | -35.6% | +103.2% | -47.8% |
| 2022 | +105.7% | +1318200.0% | +24.7% |
| 2021 | +391.3% | +20.0% | +62.4% |
| 2020 | -46.1% | -99.5% | +14.6% |
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 Analysis Pending
AI enrichment for Friends Of The Parks 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 The Parks 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $62K, with revenue exceeding expenses.
Frequently Asked Questions about Friends Of The Parks
Is Friends Of The Parks a legitimate charity?
Friends Of The Parks (EIN: 382920710) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $329K. No red flags identified. Financial health grade: A.
How does Friends Of The Parks spend its money?
Friends Of The Parks reported $329K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of The Parks tax-deductible?
Friends Of The Parks is registered as a tax-exempt nonprofit (EIN: 382920710). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Parks located?
Friends Of The Parks is headquartered in Farmingtn Hls, Michigan and files with the IRS under EIN 382920710. It is classified under NTEE code B90.
How many years of IRS 990 filings does Friends Of The Parks have?
Friends Of The Parks 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 $329K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Parks showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Friends Of The Parks's revenue has grown by 249.5%, moving from $21K to $74K. Total assets increased by 1699.1% over the same period, from $24K to $440K. Total functional expenses fell by 1.9%, from $13K to $12K. In its most recent filing year (2024), Friends Of The Parks reported a surplus of $62K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $74K | $12K | $440K | $0 | — | — |
| 2023 | $296K | $643K | $378K | $0 | — | — |
| 2022 | $460K | $316K | $725K | $0 | — | View 990 |
| 2021 | $223K | $24 | $581K | $0 | — | — |
| 2020 | $45K | $20 | $358K | $0 | — | View 990 |
| 2019 | $84K | $4K | $312K | $0 | — | View 990 |
| 2018 | $70K | $791 | $232K | $0 | — | View 990 |
| 2017 | $43K | $27K | $162K | $0 | — | View 990 |
| 2016 | $45K | $4K | $146K | $0 | — | View 990 |
| 2015 | $90K | $40K | $105K | $0 | — | View 990 |
| 2014 | $87K | $62K | $56K | $0 | — | View 990 |
| 2013 | $9K | $2K | $31K | $0 | — | View 990 |
| 2012 | $21K | $13K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $74K, expenses of $12K, and assets of $440K (revenue -75.0% year-over-year).
- 2023: Revenue of $296K, expenses of $643K, and assets of $378K (revenue -35.6% year-over-year).
- 2022: Revenue of $460K, expenses of $316K, and assets of $725K (revenue +105.7% year-over-year).
- 2021: Revenue of $223K, expenses of $24, and assets of $581K (revenue +391.3% year-over-year).
- 2020: Revenue of $45K, expenses of $20, and assets of $358K (revenue -46.1% year-over-year).
- 2019: Revenue of $84K, expenses of $4K, and assets of $312K (revenue +20.0% year-over-year).
- 2018: Revenue of $70K, expenses of $791, and assets of $232K (revenue +62.6% year-over-year).
- 2017: Revenue of $43K, expenses of $27K, and assets of $162K (revenue -4.1% year-over-year).
- 2016: Revenue of $45K, expenses of $4K, and assets of $146K (revenue -49.5% year-over-year).
- 2015: Revenue of $90K, expenses of $40K, and assets of $105K (revenue +3.0% year-over-year).
- 2014: Revenue of $87K, expenses of $62K, and assets of $56K (revenue +861.3% year-over-year).
- 2013: Revenue of $9K, expenses of $2K, and assets of $31K (revenue -57.4% year-over-year).
- 2012: Revenue of $21K, expenses of $13K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Parks:
Data Sources and Methodology
This transparency report for Friends Of The Parks 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.