Friends of the Island Parks Inc

Analysis

Friends of the Island Parks Inc is a registered charity in United States, based in Dunedin, FL. It received its IRS tax-exemption ruling in July 2002, 24 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 the Island Parks Inc reported income of $154k and spending of $117k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $154k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 210% 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 the Island Parks Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Marshfield Youth Football Association Inc ($154k), Activenviro ($154k) and Kimberly Youth Basketball Association Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $149k against liabilities of $5,379, net assets of $143k.