Parks Place Community Center Inc

Analysis

Parks Place Community Center Inc is a registered charity in United States, based in Bellows Falls, VT. It received its IRS tax-exemption ruling in February 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parks Place Community Center Inc reported income of $232k and spending of $194k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $232k to $232k (+0.0%), an average of +0.0% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parks Place Community Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 48th percentile within VT. Charities of a similar size with the same main cause include Elks Youth Basketball ($232k), Villages Baseball Association Inc ($232k) and Tarrant County Clubhouse ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 25% of the total. Other salaries and wages came to $113k. At year end it held assets of $631k against liabilities of $91k, net assets of $540k. It reported 2 employees.