Welles Park Parents Association

Analysis

Welles Park Parents Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Welles Park Parents Association reported income of $1.2m and spending of $836k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $480k to $1.2m (+154%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 199%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Welles Park Parents Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include C2 Attack Volleyball Club ($1.2m), Prairie Cities Soccer League Inc ($1.2m) and Oklahoma Peak Performance Volleyball Club ($1.2m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 90% and program service revenue 0.6% of the total. At year end it held assets of $855k against liabilities of $299k, net assets of $556k.