Partners of Parks

Analysis

Partners of Parks is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1986, 40 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 June 2023, Partners of Parks reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $962k to $1.1m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 239%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Partners of Parks sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Dynamo FC Soccer Teams of ($1.1m), Pittsburgh Amateur Hockey Association Inc ($1.1m) and Harmony Fire District ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $89k (7.3% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.4m against liabilities of $8,554, net assets of $1.4m. It reported 2 employees.