Bolduc Park Association

Analysis

Bolduc Park Association is a registered charity in United States, based in Gilford, NH. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bolduc Park Association reported income of $98k and spending of $69k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $98k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 48% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bolduc Park Association sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within NH. Charities of a similar size with the same main cause include Cedarburg Friends of Parks and Recreation Inc ($98k), Naples Touchdown Club Inc ($98k) and Casper Wrestling Club ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 9.0% of the total. At year end it held assets of $1.1m against liabilities of $210, net assets of $1.1m.