Riverside Park Conservancy Inc
Riverside Park Conservancy Inc shows strong growth but recent expenses exceed revenue.
EIN: 133443825 · New York, NY · NTEE: C115 · Updated: 2026-03-28
Is Riverside Park Conservancy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverside Park Conservancy Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverside Park Conservancy Inc
Riverside Park Conservancy Inc (EIN: 133443825) is a nonprofit organization based in New York, NY, classified under NTEE code C115. The organization reported total revenue of $12.7M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverside Park Conservancy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riverside Park Conservancy 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Riverside Park Conservancy Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a volunteer-led executive team or compensation being categorized differently.
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 Riverside Park Conservancy Inc's IRS 990 filings:
- Expenses exceeding revenue in recent fiscal periods (e.g., 2023 and 2022)
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and could obscure executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Riverside Park Conservancy Inc:
- Consistent and significant revenue growth over the past decade (from $2.8M in 2014 to $9.8M in 2023).
- Strong asset base relative to liabilities, indicating financial stability (e.g., $8.3M assets vs. $1.3M liabilities in 2023).
- Regular and extensive IRS 990 filing history (14 filings), demonstrating transparency and compliance.
- Mission alignment with NTEE code C115 (Parks and Playgrounds).
Frequently Asked Questions about Riverside Park Conservancy Inc
Is Riverside Park Conservancy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverside Park Conservancy Inc (EIN: 133443825) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Riverside Park Conservancy Inc spend its money?
Riverside Park Conservancy Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverside Park Conservancy Inc tax-deductible?
Riverside Park Conservancy Inc is registered as a tax-exempt nonprofit (EIN: 133443825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Riverside Park Conservancy Inc a good charity?
Based on its consistent growth in revenue and assets, strong program alignment with its NTEE code, and a history of regular IRS filings, it appears to be a well-supported and compliant organization. The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, though it warrants further inquiry for full understanding.
Why are expenses exceeding revenue in recent years?
In 2023, expenses were $11,557,151 against $9,872,947 in revenue, and in 2022, expenses were $9,737,559 against $9,246,447 in revenue. This trend could indicate strategic investments, expansion of programs, or timing differences in grant funding. It's a point to monitor to ensure long-term financial stability.
How does the organization manage without reported officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation for key management is reported under other expense categories, which would require more detailed financial statements to clarify.
Filing History
IRS 990 filing history for Riverside Park Conservancy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Riverside Park Conservancy Inc's revenue has grown by 473.6%, moving from $1.7M to $9.9M. Total assets increased by 430.3% over the same period, from $1.6M to $8.4M. Total functional expenses rose by 596.5%, from $1.7M to $11.6M. In its most recent filing year (2023), Riverside Park Conservancy Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $8.4M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $11.6M | $8.4M | $1.4M | — | — |
| 2022 | $9.2M | $9.7M | $10.3M | $2.0M | — | — |
| 2021 | $9.3M | $7.5M | $11.4M | $2.1M | — | View 990 |
| 2020 | $8.3M | $6.0M | $8.7M | $1.5M | — | View 990 |
| 2019 | $7.1M | $7.2M | $6.2M | $1.3M | — | View 990 |
| 2018 | $7.2M | $5.8M | $5.5M | $811K | — | View 990 |
| 2017 | $4.8M | $5.3M | $4.2M | $842K | — | View 990 |
| 2016 | $5.3M | $4.7M | $4.8M | $1.0M | — | View 990 |
| 2015 | $4.8M | $3.6M | $3.5M | $341K | — | View 990 |
| 2014 | $2.8M | $2.7M | $2.1M | $42K | — | View 990 |
| 2013 | $1.4M | $1.4M | $1.9M | $56K | — | View 990 |
| 2013 | $1.9M | $1.8M | $2.1M | $307K | — | View 990 |
| 2012 | $1.7M | $1.5M | $1.8M | $90K | — | View 990 |
| 2011 | $1.7M | $1.7M | $1.6M | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $11.6M, and assets of $8.4M (revenue +6.8% year-over-year).
- 2022: Revenue of $9.2M, expenses of $9.7M, and assets of $10.3M (revenue -0.4% year-over-year).
- 2021: Revenue of $9.3M, expenses of $7.5M, and assets of $11.4M (revenue +12.6% year-over-year).
- 2020: Revenue of $8.3M, expenses of $6.0M, and assets of $8.7M (revenue +16.5% year-over-year).
- 2019: Revenue of $7.1M, expenses of $7.2M, and assets of $6.2M (revenue -1.2% year-over-year).
- 2018: Revenue of $7.2M, expenses of $5.8M, and assets of $5.5M (revenue +48.7% year-over-year).
- 2017: Revenue of $4.8M, expenses of $5.3M, and assets of $4.2M (revenue -8.5% year-over-year).
- 2016: Revenue of $5.3M, expenses of $4.7M, and assets of $4.8M (revenue +10.8% year-over-year).
- 2015: Revenue of $4.8M, expenses of $3.6M, and assets of $3.5M (revenue +67.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.7M, and assets of $2.1M (revenue +110.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $1.9M (revenue -27.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.8M, and assets of $2.1M (revenue +11.2% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $1.8M (revenue -3.2% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.7M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Riverside Park Conservancy 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.