Palisades Parks Conservancy Inc

Analysis

Palisades Parks Conservancy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 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 March 2023, Palisades Parks Conservancy Inc reported income of $1.1m and spending of $225k, leaving 79% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $568k to $1.1m (+87%), an average of +17% a year. The sharpest change came in the year to March 2023, when income rose by 190%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palisades Parks Conservancy Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Usta Midwest Tennis & Education Foundation Inc ($1.1m), Hillsboro Soccer Club ($1.1m) and High Valley Community Center Inc ($1.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $43k (19% of expenses). At year end it held assets of $1.3m against liabilities of $18k, net assets of $1.3m. It reported 1 employees.