Friends of Salt Springs Park Inc

Analysis

Friends of Salt Springs Park Inc is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in February 1996, 30 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, Friends of Salt Springs Park Inc reported income of $133k and spending of $153k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $133k (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 94% 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 Salt Springs Park Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include West Seneca Soccer Club ($133k), Wheat Ridge Foundation ($133k) and Della Penna Motorsports Next Gen Foundation ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 29% of the total. Other salaries and wages came to $78k. At year end it held assets of $1.4m against liabilities of $960, net assets of $1.4m. It reported 6 employees.