Park Slope Center For Mental Health Inc
Park Slope Center For Mental Health Inc. faces recurring operating deficits despite asset growth, with liabilities recently exceeding assets.
EIN: 112982792 · Brooklyn, NY · NTEE: F300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| Net Assets | $-543,550 |
| Transparency Score | 65/100 |
Is Park Slope Center For Mental Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Park Slope Center For Mental Health Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Park Slope Center For Mental Health Inc
Park Slope Center For Mental Health Inc (EIN: 112982792) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code F300. The organization reported total revenue of $5.0M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Slope Center For Mental Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Park Slope Center For Mental Health Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-1,132,255 |
| Total Assets | $3.3M |
| Total Liabilities | $3.9M |
| Net Assets | $-543,550 |
| Operating Margin | -64.9% |
| Debt-to-Asset Ratio | 116.3% |
| Months of Reserves | 13.9 months |
Financial Health Grade: C
In 2024, Park Slope Center For Mental Health Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 116.3% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Park Slope Center For Mental Health Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -31.2% | -5.7% | +62.6% |
| 2023 | -9.6% | -11.1% | +88.8% |
| 2022 | -38.0% | -5.7% | -40.6% |
| 2021 | +20.5% | +14.1% | +33.6% |
| 2020 | +21.3% | -1.7% | +402.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Park Slope Center For Mental Health Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Park Slope Center For Mental Health Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 116.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a highly efficient approach to leadership compensation relative to the organization's 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 Park Slope Center For Mental Health Inc's IRS 990 filings:
- Recurring operating deficits (expenses exceeding revenue in multiple years, including 202406, 202306, 202206, 201906, 201806, 201706, 201606, 201506).
- Liabilities exceeding assets in the most recent filing (202406: $3,883,753 liabilities vs. $3,340,203 assets), indicating a negative net asset position.
- Significant increase in liabilities in the latest period, from $1,465,323 in 202306 to $3,883,753 in 202406.
Strengths
The following positive indicators were identified for Park Slope Center For Mental Health Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Significant growth in total assets over the past decade, from $456,009 in 201506 to $3,340,203 in 202406.
- Latest reported revenue of $5,003,479 indicates a substantial scale of operations.
Frequently Asked Questions about Park Slope Center For Mental Health Inc
Is Park Slope Center For Mental Health Inc a legitimate charity?
Park Slope Center For Mental Health Inc (EIN: 112982792) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Park Slope Center For Mental Health Inc spend its money?
Park Slope Center For Mental Health Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Park Slope Center For Mental Health Inc tax-deductible?
Park Slope Center For Mental Health Inc is registered as a tax-exempt nonprofit (EIN: 112982792). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Park Slope Center For Mental Health Inc's spending goes to programs?
Park Slope Center For Mental Health Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Park Slope Center For Mental Health Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Park Slope Center For Mental Health Inc is above average for NTEE category F300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Park Slope Center For Mental Health Inc located?
Park Slope Center For Mental Health Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112982792. It is classified under NTEE code F300.
How many years of IRS 990 filings does Park Slope Center For Mental Health Inc have?
Park Slope Center For Mental Health Inc has 13 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 $5.0M in total revenue.
Is Park Slope Center For Mental Health Inc. financially stable?
The organization's financial stability is questionable due to recurring operating deficits, where expenses frequently exceed revenue (e.g., $2,877,714 expenses vs. $1,745,459 revenue in 202406). While assets have grown, liabilities have also significantly increased, surpassing assets in the latest filing ($3,883,753 liabilities vs. $3,340,203 assets in 202406).
How has the organization's financial position changed over time?
Over the past decade, the organization has experienced significant fluctuations. Revenue has generally increased from $2,399,712 in 201506 to $5,003,479 (latest reported), but expenses have often outpaced revenue. Assets have grown substantially from $456,009 in 201506 to $3,340,203 in 202406, but liabilities have also surged, particularly in the most recent period.
What is the trend in net assets?
Net assets have fluctuated. While there were periods of positive net assets (e.g., 202106 with $1,830,303 assets and $219,389 liabilities), the most recent filing (202406) shows liabilities ($3,883,753) exceeding assets ($3,340,203), indicating a negative net asset position.
Filing History
IRS 990 filing history for Park Slope Center For Mental Health Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Park Slope Center For Mental Health Inc's revenue has declined by 37%, moving from $2.8M to $1.7M. Total assets increased by 687.2% over the same period, from $424K to $3.3M. Total functional expenses fell by 2.2%, from $2.9M to $2.9M. In its most recent filing year (2024), Park Slope Center For Mental Health Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $3.3M in assets (debt-to-asset ratio: 116.3%), resulting in net assets of $-543,550.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $2.9M | $3.3M | $3.9M | — | View 990 |
| 2023 | $2.5M | $3.1M | $2.1M | $1.5M | — | View 990 |
| 2022 | $2.8M | $3.4M | $1.1M | $0 | — | View 990 |
| 2021 | $4.5M | $3.6M | $1.8M | $219K | — | View 990 |
| 2020 | $3.8M | $3.2M | $1.4M | $642K | — | View 990 |
| 2019 | $3.1M | $3.2M | $273K | $108K | — | View 990 |
| 2018 | $3.1M | $3.0M | $410K | $92K | — | View 990 |
| 2017 | $2.9M | $2.9M | $333K | $83K | — | View 990 |
| 2016 | $2.7M | $2.8M | $291K | $109K | — | View 990 |
| 2015 | $2.4M | $2.8M | $456K | $149K | — | View 990 |
| 2014 | $3.1M | $2.9M | $807K | $90K | — | View 990 |
| 2013 | $3.1M | $2.8M | $640K | $142K | — | View 990 |
| 2012 | $2.8M | $2.9M | $424K | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $2.9M, and assets of $3.3M (revenue -31.2% year-over-year).
- 2023: Revenue of $2.5M, expenses of $3.1M, and assets of $2.1M (revenue -9.6% year-over-year).
- 2022: Revenue of $2.8M, expenses of $3.4M, and assets of $1.1M (revenue -38.0% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.6M, and assets of $1.8M (revenue +20.5% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.2M, and assets of $1.4M (revenue +21.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.2M, and assets of $273K (revenue +0.9% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.0M, and assets of $410K (revenue +4.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $333K (revenue +8.7% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.8M, and assets of $291K (revenue +12.8% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.8M, and assets of $456K (revenue -22.5% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.9M, and assets of $807K (revenue +0.9% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.8M, and assets of $640K (revenue +10.7% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.9M, and assets of $424K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Park Slope Center For Mental Health Inc:
Data Sources and Methodology
This transparency report for Park Slope Center For Mental Health 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.