Roosevelt Park Neighborhood Assoc

Analysis

Roosevelt Park Neighborhood Assoc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1979, 47 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 June 2023, Roosevelt Park Neighborhood Assoc reported income of $276k and spending of $228k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $203k to $276k (+36%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roosevelt Park Neighborhood Assoc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Community Action and Resource Development Inc ($276k), Taiwanese American Citizens League ($276k) and Sea Turtle Patrol Hilton Head Island ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $119k. It paid $321 in professional fundraising fees. At year end it held assets of $303k against liabilities of $16k, net assets of $287k. It reported 4 employees.