May M Vert Park Fund
May M Vert Park Fund consistently spends more than it earns, relying on existing assets.
EIN: 146014135 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $2K |
| Program Spending | 70% |
| Net Assets | $26K |
| Transparency Score | 65/100 |
Is May M Vert Park Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
May M Vert Park Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About May M Vert Park Fund
May M Vert Park Fund (EIN: 146014135) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $7K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of May M Vert Park Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
May M Vert Park Fund is a micro nonprofit that has been operating for 70 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -33.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $37 |
| Total Expenses | $2K |
| Surplus / Deficit | $-2,063 |
| Total Assets | $26K |
| Total Liabilities | $1 |
| Net Assets | $26K |
| Operating Margin | -5575.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 145.8 months |
Financial Health Grade: B
In 2020, May M Vert Park Fund reported a deficit of $2K with expenses exceeding revenue, holds 145.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), May M Vert Park Fund's revenue has declined at a compound annual growth rate (CAGR) of -33.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -95.5% | +48.9% | -7.7% |
| 2015 | -152.6% | -80.5% | -8.3% |
| 2014 | -1.3% | +285.1% | +3.3% |
| 2013 | +113.5% | -42.7% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
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 May M Vert Park Fund with a Mission Score of 65 out of 100 (Good). 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: 70%
- fundraising: 10%
According to IRS 990 filings, May M Vert Park Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is likely volunteer-based, which is appropriate for an organization of this small size and revenue.
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 May M Vert Park Fund's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., $2,100 expenses vs. $37 revenue in 2020).
- Declining asset base over time (from $30,279 in 2014 to $25,517 in 2020), indicating reliance on reserves.
Strengths
The following positive indicators were identified for May M Vert Park Fund:
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds for personnel.
- Low liabilities ($0-$1 across all filings), suggesting good financial management regarding debt.
Frequently Asked Questions about May M Vert Park Fund
Is May M Vert Park Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, May M Vert Park Fund (EIN: 146014135) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does May M Vert Park Fund spend its money?
May M Vert Park Fund directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to May M Vert Park Fund tax-deductible?
May M Vert Park Fund is registered as a tax-exempt nonprofit (EIN: 146014135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of May M Vert Park Fund's spending goes to programs?
May M Vert Park Fund directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is May M Vert Park Fund located?
May M Vert Park Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 146014135.
How many years of IRS 990 filings does May M Vert Park Fund have?
May M Vert Park Fund has 7 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 $7K in total revenue.
Is May M Vert Park Fund a good charity?
The May M Vert Park Fund appears to be a small, community-focused organization with volunteer leadership (0% officer compensation). Its consistent deficit spending, where expenses often exceed revenue (e.g., $37 revenue vs. $2,100 expenses in 2020), raises questions about its long-term financial sustainability, but its small scale and consistent asset base suggest it may be drawing down on reserves for its operations. It's likely a grassroots effort, but potential donors should be aware of its financial trends.
How does the organization fund its operations given its revenue trends?
The organization frequently reports expenses exceeding revenue (e.g., $2,100 expenses vs. $37 revenue in 2020). This suggests it is either relying on prior year surpluses, drawing down on its assets (which have slightly decreased from $30,279 in 2014 to $25,517 in 2020), or receiving non-cash contributions not fully reflected in the revenue figures.
What is the primary purpose of the May M Vert Park Fund?
Based on its name and typical NTEE codes for similar organizations (though NTEE is unknown for this specific entity), it is highly probable that the fund is dedicated to the maintenance, improvement, or support of a specific park named May M Vert Park. However, without program details in the filings, the exact activities are not specified.
Filing History
IRS 990 filing history for May M Vert Park Fund showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), May M Vert Park Fund's revenue has declined by 97.5%, moving from $1K to $37. Total assets increased by 0.3% over the same period, from $25K to $26K. Total functional expenses rose by 39.1%, from $2K to $2K. In its most recent filing year (2020), May M Vert Park Fund reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $26K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $37 | $2K | $26K | $1 | — | View 990 |
| 2019 | $821 | $1K | $28K | $1 | — | View 990 |
| 2015 | $-2,097 | $573 | $28K | $1 | — | View 990 |
| 2014 | $4K | $3K | $30K | $0 | — | View 990 |
| 2013 | $4K | $763 | $29K | $0 | — | View 990 |
| 2012 | $2K | $1K | $26K | $0 | — | View 990 |
| 2011 | $1K | $2K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $37, expenses of $2K, and assets of $26K (revenue -95.5% year-over-year).
- 2019: Revenue of $821, expenses of $1K, and assets of $28K.
- 2015: Revenue of $-2,097, expenses of $573, and assets of $28K (revenue -152.6% year-over-year).
- 2014: Revenue of $4K, expenses of $3K, and assets of $30K (revenue -1.3% year-over-year).
- 2013: Revenue of $4K, expenses of $763, and assets of $29K (revenue +113.5% year-over-year).
- 2012: Revenue of $2K, expenses of $1K, and assets of $26K (revenue +26.2% year-over-year).
- 2011: Revenue of $1K, expenses of $2K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for May M Vert Park Fund:
Data Sources and Methodology
This transparency report for May M Vert Park Fund 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.