River Parks Authority

Analysis

River Parks Authority is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, River Parks Authority reported income of $26.4m and spending of $8.7m, leaving 67% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $53.2m to $26.4m (-50%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 428%. Over the whole period it spent 41% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, River Parks Authority sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Toastmasters International ($26.2m), Boys and Girls Clubs of King County ($26.7m) and Bryant Park Corporation ($25.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $100k (1.2% of expenses). Other salaries and wages came to $757k. At year end it held assets of $360.5m against liabilities of $6.0m, net assets of $354.5m. It reported 19 employees.