Friends of Greensboro Parks Andrecreation

Analysis

Friends of Greensboro Parks Andrecreation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 2008, 18 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 June 2023, Friends of Greensboro Parks Andrecreation reported income of $158k and spending of $273k, spending 173% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $421k to $158k (-62%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Greensboro Parks Andrecreation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Texas Alliance Soccer ($158k), Blair Cubs Youth Baseball ($158k) and Alabama Amateur Softball Association Inc ($158k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 1.0% of the total. At year end it held assets of $448k against liabilities of $4,136, net assets of $444k.