City Parks Foundation Inc

Analysis

City Parks Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1990, 36 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, City Parks Foundation Inc reported income of $23.4m and spending of $22.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $24.3m to $23.4m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 65%. 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, City Parks Foundation 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include V3 Sports Inc ($23.2m), American Royal Association ($23.5m) and Indiana Sports Corporation ($22.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $725k (3.2% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $41.0m against liabilities of $3.4m, net assets of $37.6m. It reported 526 employees.