Grand Forks Parks and Recreationfoundation

Analysis

Grand Forks Parks and Recreationfoundation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in October 2007, 19 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, Grand Forks Parks and Recreationfoundation reported income of $1.8m and spending of $1.1m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $834k to $1.8m (+122%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grand Forks Parks and Recreationfoundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ND. Charities of a similar size with the same main cause include Charter Athletic Association ($1.8m), Major League Baseball Players TR ($1.9m) and RBB Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $8.2m against liabilities of $5.6m, net assets of $2.6m.