Cincinnati Parks Foundation

Analysis

Cincinnati Parks Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in July 1995, 31 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, Cincinnati Parks Foundation reported income of $3.2m and spending of $2.3m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.2m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cincinnati Parks Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Forest Glen Inc ($3.2m), Wisconsin Juniors Volleyball Club Inc ($3.2m) and Wheatland Township Athletic Association Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $170k (7.4% of expenses). Other salaries and wages came to $535k. At year end it held assets of $21.2m against liabilities of $32k, net assets of $21.1m. It reported 8 employees.