PROSPECT PARK ALLIANCE INC

BROOKLYN, NY, 11215-3709 (718) 965-8951 Est. 1987 EIN 11-2843763

N32I— Recreation & Sports Form 990 501(c)(3)

www.prospectpark.org

Mission

In partnership with the City of New York and the community, the Prospect Park Alliance restores, develops, and operates Prospect Park for the enjoyment of all by caring for the natural environment, preserving historic design, and serving the public through facilities and programs.

Financials

Total Revenue

$18,186,735

Total Expenses

$17,012,763

Net Assets

$41,645,222

212 employees 2,595 volunteers

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

2.4 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 29.4%

Expenses ↑ 15.6%

Revenue Sources

Contributions 46.7% Earned revenue 47.5% Investment 8.9%

Expense Breakdown

Program 78.0% Management 12.1% Fundraising 9.8%

Officers & Key Employees (39)

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Grants Received (105)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$18,186,735 ↑	$17,012,763	$41,645,222
2022 Form 990	$14,051,056 ↓	$14,717,514	$38,072,735
2021 Form 990	$20,911,979 ↑	$11,652,771	$37,253,704
2020 Form 990	$14,619,569 ↑	$9,660,913	$31,572,035
2019 Form 990	$11,001,395 ↑	$10,956,163	$22,867,692
2017 Form 990	$10,550,885	$10,340,005	$20,479,376