Rock Island Parks and Recreation Foundation

Analysis

Rock Island Parks and Recreation Foundation is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in July 2015, 11 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 supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rock Island Parks and Recreation Foundation reported income of $118k and spending of $61k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $155k to $118k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rock Island Parks and Recreation Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Downtown Tipp City Partnership Inc ($118k), Earth Rising Inc ($118k) and Downtown Clifton Economic Development Group Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $414k against liabilities of $0, net assets of $414k.