Friends of Prospect Park

Analysis

Friends of Prospect Park is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in February 1969, 57 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Prospect Park reported income of $145k and spending of $406k, spending 281% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $206k to $145k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income rose by 167%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Prospect Park sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Cancer Association of Spartanburg and Cherokee Counties Inc ($145k), Big Country Soccer Inc ($145k) and American Association of Women ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.