Westerville Parks Foundation

Analysis

Westerville Parks Foundation is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in February 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Westerville Parks Foundation reported income of $111k and spending of $30k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $111k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 510%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Westerville Parks Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Taunton Youth Soccer Inc ($111k), Mountain View Legion Baseball ($111k) and Hardin Valley Youth Sports Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $574k against liabilities of $0, net assets of $574k.