Geneseo Park District Foundation NFP

Analysis

Geneseo Park District Foundation NFP is a registered charity in United States, based in Geneseo, IL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Geneseo Park District Foundation NFP reported income of $215k and spending of $76k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $645k to $215k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Geneseo Park District Foundation NFP sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Chartion Chamber & Development Charitable Foundation ($215k), Peoples United Summit ($215k) and National Association of Neighborhoods ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.