Powderhorn Park Neighborhood Association
EIN: 411409426 · Minneapolis, MN · NTEE: S220
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $504K |
| Net Assets | $324K |
Is Powderhorn Park Neighborhood Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Powderhorn Park Neighborhood Association
Powderhorn Park Neighborhood Association (EIN: 411409426) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S220. The organization reported total revenue of $388K and total assets of $284K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Powderhorn Park Neighborhood Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Powderhorn Park Neighborhood Association is a small nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $708K |
| Total Expenses | $504K |
| Surplus / Deficit | +$204K |
| Total Assets | $352K |
| Total Liabilities | $29K |
| Net Assets | $324K |
| Operating Margin | 28.8% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Powderhorn Park Neighborhood Association reported a surplus of $204K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.0% | +10.1% | +116.1% |
| 2022 | +12.7% | +50.5% | +52.8% |
| 2020 | +37.6% | +17.9% | +89.2% |
| 2019 | -32.5% | -32.2% | +43.6% |
| 2018 | +45.0% | +41.6% | +23.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Powderhorn Park Neighborhood Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Powderhorn Park Neighborhood Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $204K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.2%.
Frequently Asked Questions about Powderhorn Park Neighborhood Association
Is Powderhorn Park Neighborhood Association a legitimate charity?
Powderhorn Park Neighborhood Association (EIN: 411409426) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $388K. No red flags identified. Financial health grade: A.
How does Powderhorn Park Neighborhood Association spend its money?
Powderhorn Park Neighborhood Association reported $388K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Powderhorn Park Neighborhood Association tax-deductible?
Powderhorn Park Neighborhood Association is registered as a tax-exempt nonprofit (EIN: 411409426). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Powderhorn Park Neighborhood Association located?
Powderhorn Park Neighborhood Association is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411409426. It is classified under NTEE code S220.
How many years of IRS 990 filings does Powderhorn Park Neighborhood Association have?
Powderhorn Park Neighborhood Association has 12 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 $388K in total revenue.
Filing History
IRS 990 filing history for Powderhorn Park Neighborhood Association showing financial trends over 12 years of public records:
Total assets increased by 165.9% over the same period, from $133K to $352K. Total functional expenses rose by 242.9%, from $147K to $504K. In its most recent filing year (2023), Powderhorn Park Neighborhood Association reported a surplus of $204K, with revenue exceeding expenses. The organization holds $29K in liabilities against $352K in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $324K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $708K | $504K | $352K | $29K | — | — |
| 2022 | $400K | $458K | $163K | $45K | — | View 990 |
| 2020 | $355K | $305K | $107K | $46K | — | — |
| 2019 | $258K | $258K | $56K | $46K | — | View 990 |
| 2018 | $382K | $381K | $39K | $28K | — | View 990 |
| 2017 | $264K | $269K | $32K | $20K | — | View 990 |
| 2016 | $157K | $204K | $31K | $16K | — | View 990 |
| 2015 | $197K | $410K | $103K | $41K | — | View 990 |
| 2014 | $408K | $185K | $326K | $51K | — | View 990 |
| 2013 | $295K | $253K | $196K | $54K | — | View 990 |
| 2012 | $219K | $234K | $130K | $30K | — | View 990 |
| 2011 | $-32,733 | $147K | $133K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $708K, expenses of $504K, and assets of $352K (revenue +77.0% year-over-year).
- 2022: Revenue of $400K, expenses of $458K, and assets of $163K (revenue +12.7% year-over-year).
- 2020: Revenue of $355K, expenses of $305K, and assets of $107K (revenue +37.6% year-over-year).
- 2019: Revenue of $258K, expenses of $258K, and assets of $56K (revenue -32.5% year-over-year).
- 2018: Revenue of $382K, expenses of $381K, and assets of $39K (revenue +45.0% year-over-year).
- 2017: Revenue of $264K, expenses of $269K, and assets of $32K (revenue +67.8% year-over-year).
- 2016: Revenue of $157K, expenses of $204K, and assets of $31K (revenue -20.5% year-over-year).
- 2015: Revenue of $197K, expenses of $410K, and assets of $103K (revenue -51.6% year-over-year).
- 2014: Revenue of $408K, expenses of $185K, and assets of $326K (revenue +38.5% year-over-year).
- 2013: Revenue of $295K, expenses of $253K, and assets of $196K (revenue +34.9% year-over-year).
- 2012: Revenue of $219K, expenses of $234K, and assets of $130K.
- 2011: Revenue of $-32,733, expenses of $147K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Powderhorn Park Neighborhood Association:
Data Sources and Methodology
This transparency report for Powderhorn Park Neighborhood Association 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.