Prospect Park Track Club Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Encourage and promote the sport of running and race-walking for competition, health and recreation; to support athletes to participate at national/international competitions; to fund raise for various running/walking and community-related organizations that support the sport; to assist in efforts to conserve, enhance and protect the recreational areas where many of these sporting events are conducted.
- Income
- $372,971
- Spending
- $306,185
- Spent on programs
- 66%
- Reserves
- 10.5 months of spending
- Largest source of income
- fees for its services, 70%
- Employees
- 0
- Volunteers
- 750
Source: Form 990 for the year ending April 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 78% of charities in its peer group (human services, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 10.5 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 18% of income.
Income trend
15 of 15Income rose 27% on the year before.
Spending floor
15 of 1566% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending April 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 54 out of 100. Higher than 24% of charities in its peer group (human services, $250k to $1m).
Independent board
5 of 250 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending April 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (7)
- $148,458 spent. Promotion of running races open to the general public to foster athletic competition in Brooklyn: Turkey Trot 5M, PPTC Endurance Fest, Cherry Tree 10M, Al Goldstein 5K Speed Series (6,883 participants). Includes $2,150 in expenses for race course measurement and certification.
- $28,890 spent. Direct fundraising initiatives targeted at the participants of PPTC running races to support the following Brooklyn, NY local organizations: American Indian Community House; Workers Justice Project; Knock Knock Give A Sock; Free to Run; People In Need; Prospect Park Alliance
- $8,767 spent. Support provided to local athletes at non-PPTC athletic events involving international competition.
- $6,000 spent. PPTC Grants Program to provide financial support to educational programs, after-school programs and charities that promote running and fitness primarily in Brooklyn, NY.
- $8,300 spent. Provision of coached running and strength training workouts for PPTC member athletes to improve running performance and to compete in local, national and international athletic competitions.
- $825 spent. PPTC Race Assistance Fund to provide financial support to PPTC members to participate in athletic events. (5 grants)
- $1,000 spent. Sponsorship of Runner Safety Awareness Week.
Source: Form 990 for the year ending April 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending April 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.