Novi Parks Foundation

Analysis

Novi Parks Foundation is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in September 2004, 22 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, Novi Parks Foundation reported income of $136k and spending of $20k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $136k (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 845%. 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, Novi Parks Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include South Orlando Rowing Association Inc ($136k), CHS Baseball Boosters Inc ($136k) and Tennessee Premier Soccer Academy Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $627k against liabilities of $0, net assets of $627k.