Westchester Parks Foundation Inc

Analysis

Westchester Parks Foundation Inc is a registered charity in United States, based in Mount Kisco, NY. It received its IRS tax-exemption ruling in October 1978, 48 years ago. 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 2022, Westchester Parks Foundation Inc reported income of $3.7m and spending of $3.8m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.0m to $3.7m (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westchester Parks Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Pennsylvania Economy League Inc ($3.7m), Marine Science Institute ($3.7m) and Foothills Housing Corporation ($3.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 39% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.4m against liabilities of $1.5m, net assets of $2.9m. It reported 104 employees.