Riese-madison Park
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Riese-madison Park is a 501(c)(3) organization based in Paterson, New Jersey, registered in 1976, with $1,842,559 in FY2024 revenue. CharityIndex grades it C+.
70 Dey Street, Paterson, NJ, 07503 EIN 22-2125691 Since 1976
Revenue (FY2024)
$1.8M
▲ 1.2% vs prior year
Expenses (FY2024)
$1.3M
Net assets
$3.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Riese-madison Park— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +31% 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 Riese-madison Park: 35 mo reserves · +31% margin earns a A 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 Riese-madison Park— 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 Riese-madison Park: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 70 Dey Street, Paterson, NJ, 07503
- City
- Paterson
- State
- New Jersey
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $1.5M (FY2013) to $1.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $94KNet assets $3.7M
Operating margin
31.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.8M
Total liabilities
$94K
Net assets
$3.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,842,559▲1.2% | $1,270,707▼3.5% | $3,666,576▲18.5% | $3,760,810▲18.7% | 990 |
| 2023 | $1,821,110▲19.1% | $1,316,602▲0.2% | $3,094,725▲19.5% | $3,167,749▲19.2% | 990 |
| 2022 | $1,529,470▲12.5% | $1,314,296▲1.5% | $2,590,217▲9.1% | $2,658,566▲8.3% | 990 |
| 2021 | $1,359,707▲2.4% | $1,294,676▲5.6% | $2,375,043▲2.8% | $2,454,109▲3.8% | 990 |
| 2020 | $1,327,396▲1.0% | $1,225,456▼8.7% | $2,310,012▲4.6% | $2,364,258▲4.5% | 990 |
| 2019 | $1,314,698▲3.9% | $1,342,245▲4.7% | $2,208,072▼1.2% | $2,263,391▼1.2% | 990 |
| 2018 | $1,265,187▼28.9% | $1,281,959▲22.6% | $2,235,619▲1.2% | $2,291,073▼1.9% | 990 |
| 2017 | $1,779,817▲42.7% | $1,045,815▼16.6% | $2,208,750▲37.5% | $2,336,513▲19.2% | 990 |
| 2016 | $1,246,953▲3.1% | $1,254,614▲4.8% | $1,606,035▼0.9% | $1,959,776▼6.5% | 990 |
| 2015 | $1,208,928▼8.4% | $1,196,975▼3.7% | $1,620,783▲1.7% | $2,094,972▼6.9% | 990 |
| 2014 | $1,320,236▼10.3% | $1,242,785▼5.6% | $1,593,956▼1.0% | $2,249,620▼8.2% | 990 |
| 2013 | $1,472,531 | $1,316,741▲5.9% | $1,610,528▲1.4% | $2,451,856▼5.7% | 990 |
| 2012 | — | $1,243,911▲9.1% | $1,588,399▲0.3% | $2,601,031▼5.6% | 990 |
| 2011 | — | $1,140,287 | $1,584,316 | $2,755,989 | 990 |
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.
Frequently asked questions
- Is Riese-madison Park a legitimate nonprofit?
- Yes. Riese-madison Park is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2125691, based in Paterson, New Jersey. Donations are tax-deductible.
- What is Riese-madison Park's EIN?
- Riese-madison Park's Employer Identification Number (EIN) is 22-2125691.
- How much revenue does Riese-madison Park report?
- Riese-madison Park reported $1,842,559 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Riese-madison Park have?
- CharityIndex grades Riese-madison Park C+, based on financial health (reserves and operating margin).
More nonprofits in Paterson
Explore more
Data for Riese-madison Park (EIN 22-2125691) 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.