Joliet Park Foundation Inc

Analysis

Joliet Park Foundation Inc is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Joliet Park Foundation Inc reported income of $154k and spending of $108k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $154k (+132%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 751%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joliet Park Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Christian Association of the University of Pennsylvania ($154k), National Conference of Appellate Court Clerks ($154k) and Emergency Nurses Association ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.