Friends of Harkness Memorial State Park

Analysis

Friends of Harkness Memorial State Park is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Friends of Harkness Memorial State Park reported income of $91k and spending of $24k, leaving 74% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $69k to $91k (+31%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 222%. Over the whole period it spent 44% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Harkness Memorial State Park sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Road Runners Club of America ($91k), Friends of Harriman State Park Incorporated ($91k) and Liverpool Jets Swim Club Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 19% of the total. At year end it held assets of $601k against liabilities of $0, net assets of $601k.