Prospect Park Alliance Inc
Prospect Park Alliance Inc shows consistent asset growth and stable finances, with no reported officer compensation.
EIN: 112843763 · Brooklyn, NY · NTEE: N32I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.9M |
| Total Expenses | $14.7M |
| Program Spending | 80% |
| Net Assets | $38.1M |
| Transparency Score | 85/100 |
Is Prospect Park Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prospect Park Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prospect Park Alliance Inc
Prospect Park Alliance Inc (EIN: 112843763) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code N32I. The organization reported total revenue of $18.9M and total assets of $45.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospect Park Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prospect Park Alliance Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.1M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-666,458 |
| Total Assets | $40.9M |
| Total Liabilities | $2.9M |
| Net Assets | $38.1M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 7.0% |
| Months of Reserves | 33.4 months |
Financial Health Grade: B
In 2023, Prospect Park Alliance Inc reported a deficit of $666K with expenses exceeding revenue, holds 33.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Prospect Park Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.8% | +26.3% | +1.5% |
| 2022 | +43.0% | +20.6% | +17.0% |
| 2021 | +32.9% | -11.8% | +34.8% |
| 2020 | -5.8% | -2.1% | +6.2% |
| 2019 | +10.6% | +8.2% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1987 |
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 Prospect Park Alliance Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Prospect Park Alliance Inc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $666K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either that executive leadership is unpaid or compensated by an external entity, which is a notable point for transparency.
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 Prospect Park Alliance Inc's IRS 990 filings:
- Slight deficit in 2023 where expenses ($14,717,514) exceeded revenue ($14,051,056).
Strengths
The following positive indicators were identified for Prospect Park Alliance Inc:
- Consistent asset growth from $20,063,181 in 2014 to $40,930,946 in 2023.
- No reported officer compensation across all filings, indicating high transparency in this area.
- Strong revenue generation, peaking at over $20 million in 2022.
- Manageable liabilities relative to assets ($2,858,211 liabilities vs. $40,930,946 assets in 2023).
Frequently Asked Questions about Prospect Park Alliance Inc
Is Prospect Park Alliance Inc a legitimate charity?
Prospect Park Alliance Inc (EIN: 112843763) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.9M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Prospect Park Alliance Inc spend its money?
Prospect Park Alliance Inc directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Prospect Park Alliance Inc tax-deductible?
Prospect Park Alliance Inc is registered as a tax-exempt nonprofit (EIN: 112843763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prospect Park Alliance Inc's spending goes to programs?
Prospect Park Alliance Inc directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prospect Park Alliance Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Prospect Park Alliance Inc is above average for NTEE category N32I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prospect Park Alliance Inc located?
Prospect Park Alliance Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112843763. It is classified under NTEE code N32I.
How many years of IRS 990 filings does Prospect Park Alliance Inc have?
Prospect Park Alliance 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 $18.9M in total revenue.
Is Prospect Park Alliance Inc a good charity?
Based on its consistent asset growth from $20 million in 2014 to over $40 million in 2023, stable financial management, and consistent reporting of 0% officer compensation, Prospect Park Alliance Inc appears to be a well-managed and transparent charity.
How has Prospect Park Alliance Inc's revenue trended?
Revenue has fluctuated, with a peak of $20,911,979 in 2022, but generally shows an upward trend from $10,003,844 in 2015 to $14,051,056 in 2023, indicating strong fundraising capabilities.
What is the organization's asset growth over the last decade?
Prospect Park Alliance Inc has shown significant asset growth, more than doubling its assets from $20,063,181 in 2014 to $40,930,946 in 2023.
Filing History
IRS 990 filing history for Prospect Park Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prospect Park Alliance Inc's revenue has grown by 30.1%, moving from $10.8M to $14.1M. Total assets increased by 150.1% over the same period, from $16.4M to $40.9M. Total functional expenses rose by 20.3%, from $12.2M to $14.7M. In its most recent filing year (2023), Prospect Park Alliance Inc reported a deficit of $666K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $40.9M in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $38.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.1M | $14.7M | $40.9M | $2.9M | — | View 990 |
| 2022 | $20.9M | $11.7M | $40.3M | $3.1M | — | View 990 |
| 2021 | $14.6M | $9.7M | $34.5M | $2.9M | — | — |
| 2020 | $11.0M | $11.0M | $25.6M | $2.7M | — | View 990 |
| 2019 | $11.7M | $11.2M | $24.1M | $2.1M | — | View 990 |
| 2018 | $10.6M | $10.3M | $22.3M | $1.8M | — | View 990 |
| 2017 | $10.4M | $9.9M | $21.2M | $1.9M | — | View 990 |
| 2016 | $9.5M | $9.7M | $20.0M | $2.3M | — | View 990 |
| 2015 | $10.0M | $9.3M | $20.3M | $2.5M | — | View 990 |
| 2014 | $18.0M | $11.3M | $20.1M | $3.1M | — | View 990 |
| 2013 | $9.1M | $9.5M | $12.8M | $3.3M | — | View 990 |
| 2012 | $9.8M | $12.5M | $13.9M | $4.3M | — | View 990 |
| 2011 | $10.8M | $12.2M | $16.4M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.1M, expenses of $14.7M, and assets of $40.9M (revenue -32.8% year-over-year).
- 2022: Revenue of $20.9M, expenses of $11.7M, and assets of $40.3M (revenue +43.0% year-over-year).
- 2021: Revenue of $14.6M, expenses of $9.7M, and assets of $34.5M (revenue +32.9% year-over-year).
- 2020: Revenue of $11.0M, expenses of $11.0M, and assets of $25.6M (revenue -5.8% year-over-year).
- 2019: Revenue of $11.7M, expenses of $11.2M, and assets of $24.1M (revenue +10.6% year-over-year).
- 2018: Revenue of $10.6M, expenses of $10.3M, and assets of $22.3M (revenue +1.0% year-over-year).
- 2017: Revenue of $10.4M, expenses of $9.9M, and assets of $21.2M (revenue +10.2% year-over-year).
- 2016: Revenue of $9.5M, expenses of $9.7M, and assets of $20.0M (revenue -5.3% year-over-year).
- 2015: Revenue of $10.0M, expenses of $9.3M, and assets of $20.3M (revenue -44.5% year-over-year).
- 2014: Revenue of $18.0M, expenses of $11.3M, and assets of $20.1M (revenue +98.2% year-over-year).
- 2013: Revenue of $9.1M, expenses of $9.5M, and assets of $12.8M (revenue -7.3% year-over-year).
- 2012: Revenue of $9.8M, expenses of $12.5M, and assets of $13.9M (revenue -9.2% year-over-year).
- 2011: Revenue of $10.8M, expenses of $12.2M, and assets of $16.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prospect Park Alliance Inc:
Data Sources and Methodology
This transparency report for Prospect Park Alliance 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.