I-Park Foundation Inc

Analysis

I-Park Foundation Inc is a registered charity in United States, based in East Haddam, CT. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, I-Park Foundation Inc reported income of $498k and spending of $520k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $631k to $498k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, I-Park Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Fifth Epochal Fellowship Corporation ($498k), Robinson Theater Community Arts Center ($498k) and Society for the Preservation of the City of Milwaukee ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Other salaries and wages came to $257k. At year end it held assets of $830k against liabilities of $214k, net assets of $616k. It reported 6 employees.