Madison Square Park Conservancy Inc
Madison Square Park Conservancy maintains stable assets despite fluctuating revenues and occasional deficit spending.
EIN: 141859935 · New York, NY · NTEE: C124 · Updated: 2026-03-28
Is Madison Square Park Conservancy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madison Square Park Conservancy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madison Square Park Conservancy Inc
Madison Square Park Conservancy Inc (EIN: 141859935) is a nonprofit organization based in New York, NY, classified under NTEE code C124. The organization reported total revenue of $12.4M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison Square Park Conservancy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Madison Square Park Conservancy 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Madison Square Park Conservancy Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of its size with assets over $15 million.
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 Madison Square Park Conservancy Inc's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (2022 and 2023), indicating deficit spending.
Strengths
The following positive indicators were identified for Madison Square Park Conservancy Inc:
- Consistent reporting of 0% officer compensation, demonstrating high transparency and efficient use of funds.
- Strong asset base, consistently over $14 million in recent years, providing financial stability.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Madison Square Park Conservancy Inc
Is Madison Square Park Conservancy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Square Park Conservancy Inc (EIN: 141859935) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Madison Square Park Conservancy Inc spend its money?
Madison Square Park Conservancy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Madison Square Park Conservancy Inc tax-deductible?
Madison Square Park Conservancy Inc is registered as a tax-exempt nonprofit (EIN: 141859935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Madison Square Park Conservancy Inc a good charity?
Based on the available data, the Conservancy appears to be a good charity. It consistently maintains significant assets, demonstrates strong transparency with 0% officer compensation, and generally manages its finances well, despite some periods of deficit spending.
How has the organization's financial health changed over the last few years?
The organization's financial health has been relatively stable in terms of assets, which have remained above $14 million since 2018. However, revenue has seen a decline from $7,340,049 in 2019 to $5,005,319 in 2023, and expenses have exceeded revenue in the last two reported periods (2022 and 2023).
What is the trend in the organization's revenue?
Revenue has shown a downward trend in recent years, decreasing from $7,340,049 in 2019 to $5,005,319 in 2023, after peaking at $8,899,704 in 2018.
Filing History
IRS 990 filing history for Madison Square Park Conservancy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison Square Park Conservancy Inc's revenue has grown by 44.9%, moving from $3.5M to $5.0M. Total assets increased by 53.3% over the same period, from $9.9M to $15.2M. Total functional expenses rose by 67.6%, from $3.2M to $5.3M. In its most recent filing year (2023), Madison Square Park Conservancy Inc reported a deficit of $320K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $15.2M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $13.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.3M | $15.2M | $1.8M | — | — |
| 2022 | $5.0M | $6.8M | $14.2M | $1.3M | — | View 990 |
| 2021 | $6.0M | $5.2M | $17.8M | $725K | — | View 990 |
| 2020 | $6.3M | $4.4M | $16.4M | $444K | — | — |
| 2019 | $7.3M | $8.2M | $15.3M | $814K | — | View 990 |
| 2018 | $8.9M | $6.4M | $15.8M | $483K | — | View 990 |
| 2017 | $5.3M | $4.8M | $12.9M | $325K | — | — |
| 2016 | $5.5M | $4.8M | $12.2M | $516K | — | View 990 |
| 2015 | $5.1M | $5.0M | $11.4M | $443K | — | View 990 |
| 2014 | $4.5M | $4.2M | $11.4M | $330K | — | View 990 |
| 2013 | $3.7M | $3.8M | $11.8M | $807K | — | View 990 |
| 2012 | $3.9M | $3.2M | $11.0M | $434K | — | View 990 |
| 2011 | $3.5M | $3.2M | $9.9M | $396K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.3M, and assets of $15.2M (revenue +1.0% year-over-year).
- 2022: Revenue of $5.0M, expenses of $6.8M, and assets of $14.2M (revenue -17.0% year-over-year).
- 2021: Revenue of $6.0M, expenses of $5.2M, and assets of $17.8M (revenue -4.8% year-over-year).
- 2020: Revenue of $6.3M, expenses of $4.4M, and assets of $16.4M (revenue -14.6% year-over-year).
- 2019: Revenue of $7.3M, expenses of $8.2M, and assets of $15.3M (revenue -17.5% year-over-year).
- 2018: Revenue of $8.9M, expenses of $6.4M, and assets of $15.8M (revenue +67.6% year-over-year).
- 2017: Revenue of $5.3M, expenses of $4.8M, and assets of $12.9M (revenue -2.9% year-over-year).
- 2016: Revenue of $5.5M, expenses of $4.8M, and assets of $12.2M (revenue +7.8% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.0M, and assets of $11.4M (revenue +11.9% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.2M, and assets of $11.4M (revenue +23.2% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.8M, and assets of $11.8M (revenue -5.3% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.2M, and assets of $11.0M (revenue +12.5% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.2M, and assets of $9.9M.
Data Sources and Methodology
This transparency report for Madison Square Park Conservancy 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.