The Fund for Parks and Recreation in Boston

Analysis

The Fund for Parks and Recreation in Boston is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, The Fund for Parks and Recreation in Boston reported income of $10.6m and spending of $9.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $10.6m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Fund for Parks and Recreation in Boston sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Ascendus Inc ($10.6m), Southwestern Line Construction Electrical Joint Apprenticeship ($10.7m) and Job Path Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $24.3m against liabilities of $332k, net assets of $23.9m. It reported 109 employees.