The William and Charlotte Parks Foundation for Animal Welfare

Analysis

The William and Charlotte Parks Foundation for Animal Welfare is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, The William and Charlotte Parks Foundation for Animal Welfare reported income of $478k and spending of $307k, leaving 36% of income unspent that year. Across the 4 years on record, from May 2021 to May 2024, income grew from $457k to $478k (+4.5%), an average of +1.5% a year. The sharpest change came in the year to May 2024, when income rose by 176%. Over the whole period it spent 66% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The William and Charlotte Parks Foundation for Animal Welfare sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Dogs Without Borders ($477k), Tails of Hope ($478k) and Good World Animal Rescue and Protection Inc ($477k).

Compensation of current officers, directors and key employees was $15k (4.9% of expenses). At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.