Open Space Alliance For North Brooklyn Inc

Open Space Alliance For North Brooklyn Inc consistently operated at a deficit in recent years, with fluctuating assets and liabilities.

EIN: 10849087 · Brooklyn, NY · NTEE: C50 · Updated: 2026-03-28

$1.9MRevenue

$362KAssets

70/100Mission Score (Good)

C50

About Open Space Alliance For North Brooklyn Inc

Open Space Alliance For North Brooklyn Inc (EIN: 10849087) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code C50. The organization reported total revenue of $1.9M and total assets of $362K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Space Alliance For North Brooklyn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Open Space Alliance For North Brooklyn Inc has demonstrated fluctuating financial health over the past decade, with recent years showing expenses exceeding revenue. For instance, in 2023, expenses were $1,117,980 against revenues of $1,028,107, and in 2022, expenses were $784,684 against revenues of $718,735. This trend of operating at a deficit could indicate reliance on prior reserves or other funding sources not immediately apparent in the revenue figures. The organization's assets have also shown significant fluctuation, from a high of $263,018 in 2018 to a low of $87,457 in 2022, before recovering slightly to $110,246 in 2023. Liabilities have also been substantial in some periods, notably $523,099 in 2018 and $520,912 in 2019, which could pose a risk to long-term stability if not managed effectively.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's NTEE code C50 (Parks and Playgrounds) suggests a clear program focus. The lack of officer compensation also contributes positively to transparency, as it indicates that a significant portion of funds is not being diverted to high executive salaries. However, the overall financial picture suggests a need for closer monitoring of revenue generation and expense management to ensure sustainable operations.

While the organization appears to be transparent about executive compensation, a more detailed breakdown of functional expenses in future filings would enhance the ability to assess spending efficiency more thoroughly. The consistent deficits in recent years, coupled with fluctuating asset and liability levels, warrant careful consideration for potential donors and stakeholders.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Open Space Alliance For North Brooklyn Inc with a Mission Score of 70 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: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Open Space Alliance For North Brooklyn 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 latest revenue of $1,934,909.

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 Open Space Alliance For North Brooklyn Inc's IRS 990 filings:

Consistent operating deficits in recent years (e.g., 2023, 2022, 2021)
Significant and fluctuating liabilities in multiple periods (e.g., $523,099 in 2018, $204,218 in 2023)
Declining assets in some periods (e.g., from $213,218 in 2020 to $87,457 in 2022)

Strengths

The following positive indicators were identified for Open Space Alliance For North Brooklyn Inc:

0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
Clear program focus indicated by NTEE code C50 (Parks and Playgrounds).
Long filing history (13 filings) suggests consistent reporting and transparency.

Frequently Asked Questions about Open Space Alliance For North Brooklyn Inc

Is Open Space Alliance For North Brooklyn Inc financially stable?

The organization has consistently reported expenses exceeding revenue in recent years (e.g., 2023, 2022, 2021), indicating potential financial instability or reliance on reserves. Liabilities have also been significant in past periods.

How does the organization manage its liabilities?

Liabilities have fluctuated significantly, reaching over $500,000 in 2018 and 2019, and $204,218 in 2023, which suggests a need for careful management to avoid financial strain.

What is the trend in the organization's assets?

Assets have varied, from a high of $263,018 in 2018 to a low of $87,457 in 2022, before increasing to $110,246 in 2023. This fluctuation suggests an inconsistent financial position.

Does the organization pay its executives?

No, the organization consistently reports 0% officer compensation across all available filings, indicating that executives do not receive salaries from the organization.

Filing History

IRS 990 filing history for Open Space Alliance For North Brooklyn Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Open Space Alliance For North Brooklyn Inc's revenue has grown by 335.1%, moving from $236K to $1.0M. Total assets decreased by 39.3% over the same period, from $182K to $110K. Total functional expenses rose by 232.7%, from $336K to $1.1M. In its most recent filing year (2023), Open Space Alliance For North Brooklyn Inc reported a deficit of $90K, with expenses exceeding revenue. The organization holds $204K in liabilities against $110K in assets (debt-to-asset ratio: 185.2%), resulting in net assets of $-93,972.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.0M	$1.1M	$110K	$204K	—	—
2022	$719K	$785K	$87K	$92K	—	View 990
2021	$410K	$549K	$93K	$30K	—	View 990
2020	$831K	$761K	$213K	$11K	—	View 990
2019	$472K	$533K	$199K	$521K	—	View 990
2018	$425K	$480K	$263K	$523K	—	View 990
2017	$272K	$311K	$126K	$473K	—	View 990
2016	$407K	$349K	$205K	$459K	—	View 990
2015	$610K	$526K	$164K	$476K	—	View 990
2014	$276K	$563K	$122K	$518K	—	View 990
2013	$357K	$474K	$202K	$311K	—	View 990
2012	$323K	$363K	$274K	$265K	—	View 990
2011	$236K	$336K	$182K	$133K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.0M, expenses of $1.1M, and assets of $110K (revenue +43.0% year-over-year).
2022: Revenue of $719K, expenses of $785K, and assets of $87K (revenue +75.3% year-over-year).
2021: Revenue of $410K, expenses of $549K, and assets of $93K (revenue -50.7% year-over-year).
2020: Revenue of $831K, expenses of $761K, and assets of $213K (revenue +76.3% year-over-year).
2019: Revenue of $472K, expenses of $533K, and assets of $199K (revenue +11.0% year-over-year).
2018: Revenue of $425K, expenses of $480K, and assets of $263K (revenue +56.3% year-over-year).
2017: Revenue of $272K, expenses of $311K, and assets of $126K (revenue -33.3% year-over-year).
2016: Revenue of $407K, expenses of $349K, and assets of $205K (revenue -33.2% year-over-year).
2015: Revenue of $610K, expenses of $526K, and assets of $164K (revenue +120.8% year-over-year).
2014: Revenue of $276K, expenses of $563K, and assets of $122K (revenue -22.7% year-over-year).
2013: Revenue of $357K, expenses of $474K, and assets of $202K (revenue +10.5% year-over-year).
2012: Revenue of $323K, expenses of $363K, and assets of $274K (revenue +36.7% year-over-year).
2011: Revenue of $236K, expenses of $336K, and assets of $182K.

Data Sources and Methodology

This transparency report for Open Space Alliance For North Brooklyn 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.