Friends of the Parks

Analysis

Friends of the Parks is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1975, 51 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 December 2023, Friends of the Parks reported income of $347k and spending of $566k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $624k to $347k (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Parks sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Simsbury Soccer Club Inc ($347k), Stay the Trail Education & Stewardship Alliance ($347k) and Thurston County Baseball Club ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $313k. At year end it held assets of $1.1m against liabilities of $774k, net assets of $311k. It reported 5 employees.