Friends of the Parks

Analysis

Friends of the Parks is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of the Parks reported income of $74k and spending of $12k, leaving 83% of income unspent that year. Across the 4 years on record, from February 2021 to February 2024, income fell from $223k to $74k (-67%), an average of -31% a year. The sharpest change came in the year to February 2022, when income rose by 106%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Parks sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Parent Booster USA Inc ($74k), Friends of the Burke Centre Library ($74k) and Roland-Story Parent Teacher Organization ($74k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $440k against liabilities of $0, net assets of $440k.