South Park Development Corporation
South Park Development Corporation maintains over $1.5M in assets with no officer compensation, despite fluctuating revenues.
EIN: 10424895 · Lewiston, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67K |
| Total Expenses | $44K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is South Park Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Park Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Park Development Corporation
South Park Development Corporation (EIN: 10424895) is a nonprofit organization based in Lewiston, ME. The organization reported total revenue of $67K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Park Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Park Development Corporation is a micro nonprofit, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $44K |
| Surplus / Deficit | $-8,640 |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | -24.3% |
| Months of Reserves | 422.5 months |
Financial Health Grade: B
In 2024, South Park Development Corporation reported a deficit of $9K with expenses exceeding revenue, holds 422.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), South Park Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -40.1% | -0.6% | -0.6% |
| 2023 | +13.6% | +2.9% | +1.0% |
| 2022 | +15.1% | -5.5% | +0.4% |
| 2021 | -12.1% | +4.0% | +0.2% |
| 2020 | -0.3% | -1.2% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 South Park Development Corporation 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: 80%
- fundraising: 5%
According to IRS 990 filings, South Park Development Corporation 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 $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an entity with over $1.5 million in assets and consistent operational expenses.
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 South Park Development Corporation's IRS 990 filings:
- Fluctuating annual revenues, sometimes below expenses (e.g., 202406 revenue $35,497 vs. expenses $44,137), indicating potential reliance on reserves.
- NTEE Code is unknown, which limits understanding of its specific programmatic focus and impact.
Strengths
The following positive indicators were identified for South Park Development Corporation:
- Consistent and substantial asset base, exceeding $1.5 million, providing financial stability.
- 0% officer compensation reported across all filings, indicating high dedication of resources to the mission.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
- Minimal to no reported liabilities in most periods, reflecting sound financial management.
Frequently Asked Questions about South Park Development Corporation
Is South Park Development Corporation a legitimate charity?
South Park Development Corporation (EIN: 10424895) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $67K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does South Park Development Corporation spend its money?
South Park Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to South Park Development Corporation tax-deductible?
South Park Development Corporation is registered as a tax-exempt nonprofit (EIN: 10424895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Park Development Corporation CEO make?
South Park Development Corporation's highest-compensated officer earns $1.5 annually. The organization reported $67K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of South Park Development Corporation's spending goes to programs?
South Park Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is South Park Development Corporation located?
South Park Development Corporation is headquartered in Lewiston, Maine and files with the IRS under EIN 10424895.
How many years of IRS 990 filings does South Park Development Corporation have?
South Park Development Corporation has 14 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 $67K in total revenue.
Is South Park Development Corporation a good charity?
Based on the provided data, South Park Development Corporation appears to be a financially stable organization with substantial assets ($1,580,298) and a strong commitment to not compensating its officers (0% officer compensation reported). This suggests a high dedication of resources to its mission. However, without specific program details, it's difficult to fully assess the impact of its work.
How does South Park Development Corporation manage its expenses?
The organization consistently manages its expenses, which have generally been in the $43,000-$45,000 range in recent years, with a notable exception in 201606 ($78,778). This suggests a relatively stable operational cost structure. The consistent asset base indicates effective long-term financial management.
What is the trend in South Park Development Corporation's revenue?
South Park Development Corporation's revenue has fluctuated over the years. While it reached $59,257 in 202306, it dropped to $35,497 in 202406. Historically, revenues have varied significantly, from a low of $19,953 in 201706 to a high of $59,257 in 202306, indicating an inconsistent income stream.
Filing History
IRS 990 filing history for South Park Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), South Park Development Corporation's revenue has declined by 3.1%, moving from $37K to $35K. Total assets decreased by 0.8% over the same period, from $1.6M to $1.6M. Total functional expenses rose by 30.9%, from $34K to $44K. In its most recent filing year (2024), South Park Development Corporation reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $35K | $44K | $1.6M | $0 | — | — |
| 2023 | $59K | $44K | $1.6M | $0 | — | View 990 |
| 2022 | $52K | $43K | $1.5M | $0 | — | View 990 |
| 2021 | $45K | $46K | $1.5M | $3K | — | View 990 |
| 2020 | $52K | $44K | $1.5M | $0 | — | View 990 |
| 2019 | $52K | $44K | $1.5M | $0 | — | View 990 |
| 2018 | $52K | $44K | $1.5M | $0 | — | View 990 |
| 2017 | $20K | $44K | $1.5M | $0 | — | View 990 |
| 2016 | $21K | $79K | $1.5M | $0 | — | View 990 |
| 2015 | $37K | $9K | $1.6M | $0 | — | View 990 |
| 2014 | $32K | $34K | $1.6M | $0 | — | View 990 |
| 2013 | $34K | $33K | $1.6M | $0 | — | View 990 |
| 2012 | $37K | $33K | $1.6M | $0 | — | View 990 |
| 2011 | $37K | $34K | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $35K, expenses of $44K, and assets of $1.6M (revenue -40.1% year-over-year).
- 2023: Revenue of $59K, expenses of $44K, and assets of $1.6M (revenue +13.6% year-over-year).
- 2022: Revenue of $52K, expenses of $43K, and assets of $1.5M (revenue +15.1% year-over-year).
- 2021: Revenue of $45K, expenses of $46K, and assets of $1.5M (revenue -12.1% year-over-year).
- 2020: Revenue of $52K, expenses of $44K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2019: Revenue of $52K, expenses of $44K, and assets of $1.5M (revenue -1.0% year-over-year).
- 2018: Revenue of $52K, expenses of $44K, and assets of $1.5M (revenue +161.9% year-over-year).
- 2017: Revenue of $20K, expenses of $44K, and assets of $1.5M (revenue -5.4% year-over-year).
- 2016: Revenue of $21K, expenses of $79K, and assets of $1.5M (revenue -43.1% year-over-year).
- 2015: Revenue of $37K, expenses of $9K, and assets of $1.6M (revenue +15.1% year-over-year).
- 2014: Revenue of $32K, expenses of $34K, and assets of $1.6M (revenue -4.3% year-over-year).
- 2013: Revenue of $34K, expenses of $33K, and assets of $1.6M (revenue -10.0% year-over-year).
- 2012: Revenue of $37K, expenses of $33K, and assets of $1.6M (revenue +2.0% year-over-year).
- 2011: Revenue of $37K, expenses of $34K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Park Development Corporation:
Data Sources and Methodology
This transparency report for South Park Development Corporation 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.