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Friends of Janes Carousel Inc

EIN 27-2884199 · Brooklyn, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair68 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION'S STATED PURPOSE IS TO RECEIVE AND ADMINISTER FUNDS FOR THE OPERATION AND MAINTENANCE OF A VINTAGE CAROUSEL IN BROOKLYN BRIDGE PARK IN BROOKLYN, NEW YORK, AND TO KEEP SAME IN GOOD RUNNING ORDER FOR PRESENT AND FUTURE GENERATIONS TO ENJOY.

Income
$937,551
Spending
$941,677
Spent on programs
68%
Reserves
1.9 months of spending
Largest source of income
fees for its services, 100%
Employees
36
Volunteers
0
Highest pay
$171,828, director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 68 out of 100. Higher than 31% of charities in its peer group (recreation and sports, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.9 months of spending.

  • Debt

    20 of 20

    It owes 13% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 0% of income.

  • Income trend

    15 of 15

    Income rose 23% on the year before.

  • Spending floor

    15 of 15

    68% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 78 out of 100. Higher than 81% of charities in its peer group (recreation and sports, $250k to $1m).

  • Independent board

    18 of 25

    3 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 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 (1)
  1. $641,541 spent. JANE'S CAROUSEL IS A COMPLETELY RESTORED HISTORIC CAROUSEL MADE BY THE PHILADELPHIA TOBOGGAN COMPANY (PTC #61) IN 1922. IT IS A CLASSIC 3-ROW MACHINE WITH 48 EXQUISITELY CARVED HORSES, AND 2 SUPERB CHARIOTS. THE WOOD CARVINGS, OFTEN ATTRIBUTED TO JOHN ZALAR AND FRANK CARRETTA, ARE AMONG THE FINEST OF THEIR KIND. IN ADDITION, THE SCENERY PANELS, ROUNDING BOARDS, CRESTS, CENTER POLE AND PLATFORM ARE ALL ORIGINAL TO THE CAROUSEL. IT WAS THE FIRST CAROUSEL TO BE PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES.JANE'S CAROUSEL IS NOW OPEN IN BROOKLYN BRIDGE PARK, IN THE DUMBO SECTION OF BROOKLYN, WHERE IT IS MAGICALLY SET ON THE EAST RIVER, BETWEEN THE BROOKLYN AND MANHATTAN BRIDGES. THE CAROUSEL IS HOUSED IN A SPECTACULAR PAVILION DESIGNED BY PRITZKER PRIZE WINNING FRENCH ARCHITECT JEAN NOUVEL. JANE'S CAROUSEL WILL DELIGHT CHILDREN, AS WELL AS VISITORS FROM AROUND THE WORLD, FOR MANY GENERATIONS TO COME.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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 October 13, 2026.

  2. 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 October 13, 2026.

  3. 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 October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2011.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. 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 21, 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.