The Pittsburgh Parks Conservancy

Analysis

The Pittsburgh Parks Conservancy is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1997, 29 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 September 2023, The Pittsburgh Parks Conservancy reported income of $5.9m and spending of $6.5m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.8m to $5.9m (-40%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 57%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Pittsburgh Parks Conservancy sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include American Birkebeiner Ski Foundation Inc ($5.9m), Cascade Bicycle Club ($5.9m) and Youth Sailing Foundation of Indian River County ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $462k (7.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $17.4m against liabilities of $831k, net assets of $16.6m. It reported 72 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.