21st Century Parks Inc

Analysis

21st Century Parks Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2005, 21 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, 21st Century Parks Inc reported income of $12.1m and spending of $7.5m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $12.1m (+151%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 116% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 21st Century Parks Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Halleck Creek Ranch ($12.0m), Austin Parks Foundation ($12.2m) and Coastal Athletic Association ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $330k (4.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $97.8m against liabilities of $348k, net assets of $97.5m. It reported 53 employees.