Friends of Grand Rapids Parks

Analysis

Friends of Grand Rapids Parks is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 2008, 18 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, Friends of Grand Rapids Parks reported income of $719k and spending of $804k, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $462k to $719k (+56%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Grand Rapids Parks sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Trinity County Fair Association Inc ($719k), Kaizen Volleyball Development Club ($719k) and Vertical Raise NP Inc ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $87k (11% of expenses). Other salaries and wages came to $270k. At year end it held assets of $282k against liabilities of $41k, net assets of $240k. It reported 15 employees.