Friends of Westport Parks and Recreation Inc

Analysis

Friends of Westport Parks and Recreation Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Westport Parks and Recreation Inc reported income of $77k and spending of $103k, spending 134% of what it took in. Across the 3 years on record, from December 2018 to December 2023, income fell from $92k to $77k (-16%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income rose by 129%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Westport Parks and Recreation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Shawano Pathways Organization for Kids Enviroment & Safety ($77k), Community Development Foundation of Jones County Inc ($77k) and Walltown Neighborhood Ministries Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.