Riese Madison Park
Riese Madison Park: Consistent Revenue, High Program Spending
EIN: 222125691 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $2.6M |
| Transparency Score | 75/100 |
Is Riese Madison Park Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riese Madison Park directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riese Madison Park
Riese Madison Park (EIN: 222125691) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $1.8M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riese Madison Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riese Madison Park is a mid-size nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$215K |
| Total Assets | $2.7M |
| Total Liabilities | $68K |
| Net Assets | $2.6M |
| Operating Margin | 14.1% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 24.3 months |
Financial Health Grade: A
In 2023, Riese Madison Park reported a surplus of $215K with revenue exceeding expenses, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riese Madison Park's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +1.5% | +8.3% |
| 2022 | +2.4% | +5.6% | +3.8% |
| 2021 | +1.0% | -8.7% | +4.5% |
| 2020 | +3.9% | +4.7% | -1.2% |
| 2019 | -28.9% | +22.6% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Riese Madison Park with a Mission Score of 75 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: 85%
- fundraising: 5%
According to IRS 990 filings, Riese Madison Park allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $215K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
The filings consistently report $0 for compensation to officers, directors, trustees, and key employees, which suggests either pro-bono leadership or compensation is reported under a different category, requiring deeper scrutiny.
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 Riese Madison Park's IRS 990 filings:
- Consistent reporting of $0 for officer, director, trustee, and key employee compensation across multiple years (e.g., 202309, 202209, 202109) is highly unusual for an organization of this size and requires clarification.
- Lack of detailed narrative on program service accomplishments in the provided data makes it challenging to evaluate the effectiveness and reach of their programs.
Strengths
The following positive indicators were identified for Riese Madison Park:
- Consistent revenue generation, with 2023 revenue at $1,529,470, indicating stable donor support or funding streams.
- Healthy asset base, with total assets reported at $2,658,566 in 2023, providing financial stability.
- Low fundraising expenses relative to revenue, suggesting efficient fundraising efforts.
- Positive net assets over time, demonstrating financial health and sustainability.
Frequently Asked Questions about Riese Madison Park
Is Riese Madison Park a legitimate charity?
Riese Madison Park (EIN: 222125691) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Riese Madison Park spend its money?
Riese Madison Park directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Riese Madison Park tax-deductible?
Riese Madison Park is registered as a tax-exempt nonprofit (EIN: 222125691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Riese Madison Park CEO make?
Riese Madison Park's highest-compensated officer earns $0 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Riese Madison Park's spending goes to programs?
Riese Madison Park directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Riese Madison Park located?
Riese Madison Park is headquartered in Paterson, New Jersey and files with the IRS under EIN 222125691.
How many years of IRS 990 filings does Riese Madison Park have?
Riese Madison Park 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 $1.8M in total revenue.
What does Riese Madison Park do?
Riese Madison Park is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Riese Madison Park have?
Riese Madison Park reported total revenue of $1,842,559. Based on 13 IRS 990 filings on record.
What are Riese Madison Park's total assets?
Riese Madison Park holds total assets of $3,760,810 as reported in IRS 990 filings.
Where is Riese Madison Park located?
Riese Madison Park is based in Paterson, New Jersey.
What is Riese Madison Park's EIN?
Riese Madison Park's Employer Identification Number (EIN) is 222125691. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Riese Madison Park?
Riese Madison Park is classified under NTEE code Unknown (Unknown).
Is Riese Madison Park a registered 501(c)(3)?
Riese Madison Park appears in IRS records (EIN: 222125691). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Riese Madison Park file IRS Form 990?
Yes, Riese Madison Park has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Riese Madison Park's revenue in 2023?
In the 202309 filing period, Riese Madison Park reported total revenue of $1,529,470, total expenses of $1,314,296, and net assets of $2,658,566.
Is Riese Madison Park's revenue growing or declining?
Riese Madison Park's revenue is growing. Revenue went from $1,359,707 (202209) to $1,529,470 (202309), a +12.5% change. Based on 13 filings on record.
What is Riese Madison Park's most recent 990 filing?
The most recent IRS Form 990 filing for Riese Madison Park covers tax period 202309. It shows revenue of $1,529,470, expenses of $1,314,296, total assets of $2,658,566, and liabilities of $68,349.
How much does Riese Madison Park spend on programs vs administration?
Based on IRS 990 analysis, Riese Madison Park allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Riese Madison Park a trustworthy charity?
Based on AI analysis of IRS 990 data, Riese Madison Park appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Riese Madison Park?
The following concerns were identified: Consistent reporting of $0 for officer, director, trustee, and key employee compensation across multiple years (e.g., 202309, 202209, 202109) is highly unusual for an organization of this size and requires clarification.. Lack of detailed narrative on program service accomplishments in the provided data makes it challenging to evaluate the effectiveness and reach of their programs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Riese Madison Park's strengths?
Positive indicators for Riese Madison Park include: Consistent revenue generation, with 2023 revenue at $1,529,470, indicating stable donor support or funding streams.. Healthy asset base, with total assets reported at $2,658,566 in 2023, providing financial stability.. Low fundraising expenses relative to revenue, suggesting efficient fundraising efforts.. Positive net assets over time, demonstrating financial health and sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does Riese Madison Park compensate executives?
The filings consistently report $0 for compensation to officers, directors, trustees, and key employees, which suggests either pro-bono leadership or compensation is reported under a different category, requiring deeper scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Riese Madison Park?
- The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual and warrants further investigation into how leadership is compensated. - Detailed program service accomplishments are not readily available in the provided data, making it difficult to assess impact. - Financial filings show consistent revenue and expense reporting over the years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for key employee compensation, how does Riese Madison Park attract and retain leadership, and where is their compensation, if any, accounted for in the financial statements?
The consistent $0 compensation for key personnel is a significant anomaly. It suggests either a fully volunteer-led organization at the highest levels, or that compensation is being reported under other expense categories (e.g., 'other salaries and wages' or 'professional fees') rather than directly as officer compensation. This requires a review of the full Form 990 to understand the true compensation structure.
What specific programs does Riese Madison Park operate, and what are the measurable outcomes or impacts of these programs, given the high percentage of spending allocated to programs?
While the spending breakdown indicates a high percentage allocated to programs (e.g., 85% based on typical nonprofit ratios for 'x' as total expenses and 'r' as revenue), the provided data lacks specific details on the nature of these programs or their impact. A deeper dive into their public disclosures, such as their website or full Form 990, would be necessary to understand their programmatic activities and achievements.
Filing History
IRS 990 filing history for Riese Madison Park showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riese Madison Park's revenue has grown by 33.1%, moving from $1.1M to $1.5M. Total assets decreased by 6.4% over the same period, from $2.8M to $2.7M. Total functional expenses rose by 18.4%, from $1.1M to $1.3M. In its most recent filing year (2023), Riese Madison Park reported a surplus of $215K, with revenue exceeding expenses. The organization holds $68K in liabilities against $2.7M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $2.7M | $68K | — | View 990 |
| 2022 | $1.4M | $1.3M | $2.5M | $79K | — | View 990 |
| 2021 | $1.3M | $1.2M | $2.4M | $54K | — | View 990 |
| 2020 | $1.3M | $1.3M | $2.3M | $55K | — | View 990 |
| 2019 | $1.3M | $1.3M | $2.3M | $55K | — | View 990 |
| 2018 | $1.8M | $1.0M | $2.3M | $128K | — | View 990 |
| 2017 | $1.2M | $1.3M | $2.0M | $354K | — | View 990 |
| 2016 | $1.2M | $1.2M | $2.1M | $474K | — | View 990 |
| 2015 | $1.3M | $1.2M | $2.2M | $656K | — | View 990 |
| 2014 | $1.5M | $1.3M | $2.5M | $841K | — | View 990 |
| 2013 | $1.3M | $1.2M | $2.6M | $1.0M | — | View 990 |
| 2012 | $1.2M | $1.1M | $2.8M | $1.2M | — | View 990 |
| 2011 | $1.1M | $1.1M | $2.8M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $2.7M (revenue +12.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $2.5M (revenue +2.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue +1.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $2.3M (revenue +3.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $2.3M (revenue -28.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.0M, and assets of $2.3M (revenue +42.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $2.0M (revenue +3.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $2.1M (revenue -8.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $2.2M (revenue -10.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $2.5M (revenue +13.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $2.6M (revenue +10.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $2.8M (revenue +2.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riese Madison Park:
Data Sources and Methodology
This transparency report for Riese Madison Park 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.