Friends of Paterson Parks A Nj Nonprofit Corporation
Only null% goes to programs Growing revenue
Friends of Paterson Parks A Nj Nonprofit Corporation is a 501(c)(3) organization based in Paterson, New Jersey, registered in 2019, with $254,215 in FY2023 revenue. CharityIndex grades it F.
155 Market Street, Paterson, NJ, 07505 EIN 84-1863652 Since 2019
Revenue (FY2023)
$254K
▼ 62.9% vs prior year
Recreation median: $129K
Expenses (FY2023)
$552K
Net assets
$197K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of Paterson Parks A Nj Nonprofit Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating4 mo reserves · -117% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of Paterson Parks A Nj Nonprofit Corporation: 4 mo reserves · -117% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of Paterson Parks A Nj Nonprofit Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of Paterson Parks A Nj Nonprofit Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 155 Market Street, Paterson, NJ, 07505
- City
- Paterson
- State
- New Jersey
- Category
- Recreation & Sports
- Subcategory
- Parks & Playgrounds
Financial trends
Revenue grew from $13K (FY2020) to $254K (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $197K
Operating margin
-117.0%
Spent more than it raised in the latest fiscal year.
Total assets
$197K
Total liabilities
$0
Net assets
$197K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $254,215▼62.9% | $551,664▲127% | $196,803▼60.2% | $196,803▼60.2% | 990 |
| 2022 | $684,500▲385% | $242,788▲18.7% | $494,252▲841% | $494,252▲841% | 990 |
| 2021 | $141,195▲1029% | $204,546▲659726% | $52,540▼54.7% | $52,540▼54.7% | 990EZ |
| 2020 | $12,505 | $31 | $115,891 | $115,891 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $850K total
1 grant to Friends of Paterson Parks A Nj Nonprofit Corporation totaling $850K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $850,000 |
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Frequently asked questions
- Is Friends of Paterson Parks A Nj Nonprofit Corporation a legitimate nonprofit?
- Yes. Friends of Paterson Parks A Nj Nonprofit Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-1863652, based in Paterson, New Jersey. Donations are tax-deductible.
- What is Friends of Paterson Parks A Nj Nonprofit Corporation's EIN?
- Friends of Paterson Parks A Nj Nonprofit Corporation's Employer Identification Number (EIN) is 84-1863652.
- How much revenue does Friends of Paterson Parks A Nj Nonprofit Corporation report?
- Friends of Paterson Parks A Nj Nonprofit Corporation reported $254,215 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Friends of Paterson Parks A Nj Nonprofit Corporation have?
- CharityIndex grades Friends of Paterson Parks A Nj Nonprofit Corporation F, based on financial health (reserves and operating margin).
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Data for Friends of Paterson Parks A Nj Nonprofit Corporation (EIN 84-1863652) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.