Park Place Foundation

Analysis

Park Place Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in August 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, Park Place Foundation reported income of $301k and spending of $5,226, leaving 98% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $213k to $301k (+41%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 390%. Over the whole period it spent 8.8% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Park Place Foundation 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 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Hopefitness Sports Foundation ($301k), California Table Tennis ($301k) and Impact Baseball Club NFP ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $505k against liabilities of $0, net assets of $505k.