The Skatepark Project

Analysis

The Skatepark Project is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in June 2001, 25 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, The Skatepark Project reported income of $3.7m and spending of $3.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.7m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Skatepark Project sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Nfa Foundation Inc ($3.7m), Lyngblomsten Foundation ($3.7m) and Portland Foundation Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $365k (9.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.8m against liabilities of $213k, net assets of $3.6m. It reported 19 employees.