Parks Foundation of Highland Park

Analysis

Parks Foundation of Highland Park is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in July 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parks Foundation of Highland Park reported income of $729k and spending of $142k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $519k to $729k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parks Foundation of Highland Park sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Quality of Life Foundation for Metropolitan Dallas ($729k), Epic Foundation Inc ($729k) and Landfall Foundation Inc ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $675k against liabilities of $0, net assets of $675k.