Parkway Council Foundation

Analysis

Parkway Council Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2024, 2 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, Parkway Council Foundation reported income of $272k and spending of $436k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $272k (+91%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 389%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parkway Council Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Coastal Homeschool Athletic Association Inc ($272k), Wes Welker Foundation ($272k) and Canonsburg Hockey Association ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (26% of expenses). Other salaries and wages came to $60k. At year end it held assets of $411k against liabilities of $33k, net assets of $378k. It reported 2 employees.