Parks Forever Inc

Analysis

Parks Forever Inc is a registered charity in United States, based in Cold Spring, MN. It received its IRS tax-exemption ruling in April 2009, 17 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, Parks Forever Inc reported income of $108k and spending of $18k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $436k to $108k (-75%), an average of -50% a year. The sharpest change came in the year to December 2023, when income rose by 883%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parks Forever Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Coach Stu Basketball Inc ($108k), Revere Soccer Club ($108k) and Yucaipa Youth Basketball League ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.