Parklands Foundation

Analysis

Parklands Foundation is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in December 1967, 59 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 February 2024, Parklands Foundation reported income of $654k and spending of $347k, leaving 47% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $320k to $654k (+104%), an average of +20% a year. The sharpest change came in the year to February 2024, when income rose by 96%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parklands Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Central Missouri Honor Flight Inc ($654k), Vets Helping Heroes Inc ($654k) and Agape Raymondville Properties Inc ($654k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 85% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $123k (35% of expenses). Other salaries and wages came to $9,955. At year end it held assets of $7.8m against liabilities of $16k, net assets of $7.8m. It reported 4 employees.