Park Ridge Sports Inc

Analysis

Park Ridge Sports Inc is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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, Park Ridge Sports Inc reported income of $550k and spending of $583k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $550k (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Ridge Sports Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Southern Clarion County Volunteer Ambulance Service ($550k), W N C Madison County Housing Corporation Inc ($550k) and Habitat for Humanity International Inc ($550k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.

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.