Friends of Hoyt Park

Analysis

Friends of Hoyt Park is a registered charity in United States, based in Fenton, MI. It received its IRS tax-exemption ruling in April 2010, 16 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 October 2019, Friends of Hoyt Park reported income of $51k and spending of $18k, leaving 64% of income unspent that year. Across the 2 years on record, from October 2018 to October 2019, income fell from $60k to $51k (-14%), an average of -14% a year. Over the whole period it spent 60% 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 Hoyt Park sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Nigerian Soccer League ($51k), Kaizen Way Inc ($51k) and Paderewski Festival ($51k).

On its Form 990 for the period ending October 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $418k against liabilities of $0, net assets of $418k.