Friends of Dewitt Parks & Rec Inc

Analysis

Friends of Dewitt Parks & Rec Inc is a registered charity in United States, based in East Syracuse, NY. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Dewitt Parks & Rec Inc reported income of $254k and spending of $88k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $254k (+1556%), an average of +1556% a year. The sharpest change came in the year to December 2023, when income rose by 1556%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Dewitt Parks & Rec Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Simpson Foundation Inc ($254k), Marysville Rotary Charitable Foundation ($254k) and Lubavitch of Monsey Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. At year end it held assets of $202k against liabilities of $4,900, net assets of $198k.