Pekin Park Foundation

Analysis

Pekin Park Foundation is a registered charity in United States, based in Pekin, IL. It received its IRS tax-exemption ruling in January 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pekin Park Foundation reported income of $177k and spending of $72k, leaving 60% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $606k to $177k (-71%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 199%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pekin Park Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Granite Bay Junior Grizzlies All American Youth Football Team ($177k), VHS Music Boosters Inc ($177k) and Cortland County Youth Hockey Association Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.