Park Playhouse Inc

Park Playhouse Inc. faces growing liabilities and consistent deficit spending in recent years.

EIN: 141717464 · Cohoes, NY · NTEE: P20 · Updated: 2026-03-28

$2.1MRevenue

$301KAssets

55/100Mission Score (Fair)

P20

About Park Playhouse Inc

Park Playhouse Inc (EIN: 141717464) is a nonprofit organization based in Cohoes, NY, classified under NTEE code P20. The organization reported total revenue of $2.1M and total assets of $301K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Playhouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Park Playhouse Inc. demonstrates a fluctuating financial picture with recent filings showing a trend of expenses exceeding revenue, particularly in the 202308 period where expenses were $1,676,722 against revenues of $1,511,398. This has led to a negative net position and a significant increase in liabilities, reaching $749,300 in 202308, far outweighing its assets of $41,650. While the organization has consistently reported 0% officer compensation, which is a positive for transparency regarding executive pay, the overall financial stability appears concerning due to the growing liabilities and negative net assets.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent deficit spending in recent years suggests potential operational inefficiencies or a reliance on future funding that has not yet materialized. The substantial increase in liabilities from $0 in 201712 to $749,300 in 202308 is a significant red flag regarding its long-term financial health and sustainability. The lack of reported officer compensation is a strong point for transparency in that specific area, but the broader financial trends warrant closer scrutiny.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Park Playhouse Inc with a Mission Score of 55 out of 100 (Fair). 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, Park Playhouse Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Park Playhouse Inc. consistently reports 0% officer compensation across all provided filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a strong positive for transparency and resource allocation.

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 Park Playhouse Inc's IRS 990 filings:

Significant and rapidly increasing liabilities, from $0 in 201712 to $749,300 in 202308.
Consistent deficit spending in recent years (e.g., $1,511,398 revenue vs. $1,676,722 expenses in 202308).
Assets ($41,650 in 202308) are significantly lower than liabilities ($749,300 in 202308), indicating a negative net asset position.

Strengths

The following positive indicators were identified for Park Playhouse Inc:

Consistent reporting of 0% officer compensation, indicating no executive pay from the organization.
Demonstrated ability to generate over $1.5 million in revenue in recent periods (e.g., $1,511,398 in 202308, $1,751,119 in 202208).

Frequently Asked Questions about Park Playhouse Inc

Why have liabilities increased so dramatically from $0 in 201712 to $749,300 in 202308?

The provided data does not specify the nature of these liabilities, but their rapid growth is a significant concern for the organization's financial stability.

How does Park Playhouse Inc. plan to address its consistent deficit spending, such as the $165,324 deficit in 202308?

The filings show a pattern of expenses exceeding revenue in recent years, which is unsustainable without a clear strategy for increasing income or reducing costs.

What is the detailed breakdown of program, administrative, and fundraising expenses?

Without this detailed breakdown from the 990 filings, it is challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its mission.

Filing History

IRS 990 filing history for Park Playhouse Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Park Playhouse Inc's revenue has grown by 259.3%, moving from $421K to $1.5M. Total assets increased by 621.7% over the same period, from $6K to $42K. Total functional expenses rose by 291.6%, from $428K to $1.7M. In its most recent filing year (2023), Park Playhouse Inc reported a deficit of $165K, with expenses exceeding revenue. The organization holds $749K in liabilities against $42K in assets (debt-to-asset ratio: 1799.0%), resulting in net assets of $-707,650.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.7M	$42K	$749K	—	—
2022	$1.8M	$1.7M	$39K	$581K	—	—
2021	$744K	$903K	$27K	$621K	—	—
2020	$737K	$816K	$96K	$530K	—	—
2019	$731K	$913K	$86K	$441K	—	View 990
2018	$724K	$924K	$37K	$210K	—	View 990
2017	$595K	$637K	$28K	$0	—	View 990
2016	$619K	$607K	$76K	$0	—	View 990
2015	$609K	$595K	$59K	$0	—	View 990
2014	$562K	$521K	$46K	$0	—	View 990
2013	$516K	$466K	$5K	$0	—	View 990
2012	$421K	$418K	$-3,827	$41K	—	View 990
2011	$375K	$390K	$-4,612	$43K	—	View 990
2010	$421K	$428K	$6K	$39K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.7M, and assets of $42K (revenue -13.7% year-over-year).
2022: Revenue of $1.8M, expenses of $1.7M, and assets of $39K (revenue +135.5% year-over-year).
2021: Revenue of $744K, expenses of $903K, and assets of $27K (revenue +0.9% year-over-year).
2020: Revenue of $737K, expenses of $816K, and assets of $96K (revenue +0.9% year-over-year).
2019: Revenue of $731K, expenses of $913K, and assets of $86K (revenue +1.0% year-over-year).
2018: Revenue of $724K, expenses of $924K, and assets of $37K (revenue +21.5% year-over-year).
2017: Revenue of $595K, expenses of $637K, and assets of $28K (revenue -3.8% year-over-year).
2016: Revenue of $619K, expenses of $607K, and assets of $76K (revenue +1.6% year-over-year).
2015: Revenue of $609K, expenses of $595K, and assets of $59K (revenue +8.3% year-over-year).
2014: Revenue of $562K, expenses of $521K, and assets of $46K (revenue +8.9% year-over-year).
2013: Revenue of $516K, expenses of $466K, and assets of $5K (revenue +22.6% year-over-year).
2012: Revenue of $421K, expenses of $418K, and assets of $-3,827 (revenue +12.1% year-over-year).
2011: Revenue of $375K, expenses of $390K, and assets of $-4,612 (revenue -10.8% year-over-year).
2010: Revenue of $421K, expenses of $428K, and assets of $6K.

Data Sources and Methodology

This transparency report for Park Playhouse 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.