Summit Metro Parks Foundation

Analysis

Summit Metro Parks Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Summit Metro Parks Foundation reported income of $2.8m and spending of $1.4m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.8m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 74% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Summit Metro Parks Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Friends of the Wissahickon Inc ($2.8m), Red Cloud Renewable ($2.8m) and Columbia Center for Urban Agriculture ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.