Charity Search / PROSPECT PARK ASSOCIATION
Community Improvement (S21Z) 990 on File

PROSPECT PARK ASSOCIATION

EIN: 41-1409200 · MINNEAPOLIS, MN 55414-6095 · United States · FY 2025 Data
3 out of 5 50 / 100 Based on 2+ years of filings
Financial strength (30%) 86/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$35K
Total Revenue
$34K
Total Expenses
$55K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 83.5%
Fundraising Efficiency N/A
Operating Reserve 19.33x
Liability-to-Asset 26.4%
Revenue Diversification 99.1%
Compared with Peers
FY 2025
Compared with 2,326 similar organizations (United States, Community Improvement, under $100K in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
83.5% 83.4%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
19.3 mo 21.9 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
26.4% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.1% 96.0%
P10P90
Below median
Revenue growth
Year over year revenue growth
-11.6% -0.2%
P10P90
Expense growth
Year over year expense growth
-12.0% -1.2%
P10P90
Surplus margin
Surplus as a share of revenue
2.2% 11.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $35K $34K $55K 83.5%
2024 $40K $39K $55K 83.9%
2023 $41K $49K $53K 87.2%
2022 $67K $63K $62K 8.7%
2021 $134K $59K N/A 1
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Organization Details
EIN
41-1409200
State
MN
City
MINNEAPOLIS
ZIP
55414-6095
Classification
S21Z
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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