Central Park Conservancy Inc

Analysis

Central Park Conservancy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1980, 46 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, Central Park Conservancy Inc reported income of $148.0m and spending of $131.2m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.7m to $148.0m (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 167%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Park Conservancy Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Usta National Tennis Center Inc ($140.8m), Pasadena Tournament of Roses Assn ($148.8m) and University of Louisville Athletic ($137.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $4.9m (3.7% of expenses). Other salaries and wages came to $31.3m. It paid $553k in professional fundraising fees. At year end it held assets of $590.4m against liabilities of $51.4m, net assets of $539.0m. It reported 463 employees.