Friends Of The Rail Park
EIN: 274200974 · Philadelphia, PA · NTEE: C34
| Metric | Value |
|---|---|
| Total Revenue | $812K |
| Total Expenses | $523K |
| Net Assets | $800K |
Is Friends Of The Rail 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 The Rail Park
Friends Of The Rail Park (EIN: 274200974) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code C34. The organization reported total revenue of $812K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Rail Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Rail Park is a small nonprofit that has been operating for 15 years, with 9 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $480K |
| Total Expenses | $523K |
| Surplus / Deficit | $-43,325 |
| Total Assets | $845K |
| Total Liabilities | $45K |
| Net Assets | $800K |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 19.4 months |
Financial Health Grade: B
In 2023, Friends Of The Rail Park reported a deficit of $43K with expenses exceeding revenue, holds 19.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 9 years of filings (2013–2023), Friends Of The Rail Park's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.3% | +31.2% | -6.7% |
| 2022 | +263.3% | -0.4% | +73.5% |
| 2021 | +41.5% | +36.2% | -10.7% |
| 2019 | -73.4% | +58.3% | -20.5% |
| 2018 | +156.7% | +135.9% | +109.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The Rail 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 The Rail 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Friends Of The Rail Park
Is Friends Of The Rail Park a legitimate charity?
Friends Of The Rail Park (EIN: 274200974) is a registered tax-exempt nonprofit based in Pennsylvania. It has 9 years of IRS 990 filings on record. Total revenue: $812K. No red flags identified. Financial health grade: B.
How does Friends Of The Rail Park spend its money?
Friends Of The Rail Park reported $812K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of The Rail Park tax-deductible?
Friends Of The Rail Park is registered as a tax-exempt nonprofit (EIN: 274200974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Rail Park located?
Friends Of The Rail Park is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 274200974. It is classified under NTEE code C34.
How many years of IRS 990 filings does Friends Of The Rail Park have?
Friends Of The Rail Park has 9 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 $812K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Rail Park showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2023), Friends Of The Rail Park's revenue has grown by 501.5%, moving from $80K to $480K. Total assets increased by 1384% over the same period, from $57K to $845K. Total functional expenses rose by 1359.2%, from $36K to $523K. In its most recent filing year (2023), Friends Of The Rail Park reported a deficit of $43K, with expenses exceeding revenue. The organization holds $45K in liabilities against $845K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $800K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $480K | $523K | $845K | $45K | — | — |
| 2022 | $766K | $399K | $907K | $63K | — | View 990 |
| 2021 | $211K | $400K | $523K | $46K | — | View 990 |
| 2019 | $149K | $294K | $585K | $4K | — | View 990 |
| 2018 | $560K | $186K | $736K | $10K | — | View 990 |
| 2017 | $218K | $79K | $352K | $0 | — | View 990 |
| 2016 | $130K | $78K | $214K | $2K | — | View 990 |
| 2015 | $66K | $15K | $160K | $0 | — | View 990 |
| 2013 | $80K | $36K | $57K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $480K, expenses of $523K, and assets of $845K (revenue -37.3% year-over-year).
- 2022: Revenue of $766K, expenses of $399K, and assets of $907K (revenue +263.3% year-over-year).
- 2021: Revenue of $211K, expenses of $400K, and assets of $523K (revenue +41.5% year-over-year).
- 2019: Revenue of $149K, expenses of $294K, and assets of $585K (revenue -73.4% year-over-year).
- 2018: Revenue of $560K, expenses of $186K, and assets of $736K (revenue +156.7% year-over-year).
- 2017: Revenue of $218K, expenses of $79K, and assets of $352K (revenue +67.3% year-over-year).
- 2016: Revenue of $130K, expenses of $78K, and assets of $214K (revenue +96.1% year-over-year).
- 2015: Revenue of $66K, expenses of $15K, and assets of $160K (revenue -16.7% year-over-year).
- 2013: Revenue of $80K, expenses of $36K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Rail Park:
Data Sources and Methodology
This transparency report for Friends Of The Rail 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.