San Jose Parks Foundation

Analysis

San Jose Parks Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 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 December 2023, San Jose Parks Foundation reported income of $462k and spending of $441k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $795k to $462k (-42%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 65%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, San Jose Parks Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Tosa Kickers Soccer Association Inc ($462k), Winterland Ice Hockey Inc ($462k) and Palumbo Soccer Club ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $80k (18% of expenses). At year end it held assets of $501k against liabilities of $521k, net assets of -$19k. It reported 1 employees.