Frank Newhall Look Memorial Park Inc

Analysis

Frank Newhall Look Memorial Park Inc is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in April 2002, 24 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, Frank Newhall Look Memorial Park Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 207%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Frank Newhall Look Memorial Park Inc 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 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Fit Feat ($1.9m), Jewish Community Center of Greater Monmouth County ($1.9m) and Excel Aquatics ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $91k (4.8% of expenses). Other salaries and wages came to $781k. At year end it held assets of $10.2m against liabilities of $2.9m, net assets of $7.3m. It reported 75 employees.