Cascades Park Foundation

Analysis

Cascades Park Foundation is a registered charity in United States, based in Jackson, MI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Cascades Park Foundation reported income of $743k and spending of $743k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $757k to $743k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cascades Park Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Reno Bike Project Inc ($743k), Mountain Goat Trail Alliance ($744k) and Future Soccer Academy ($743k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 75% of the total. Other salaries and wages came to $314k. At year end it held assets of $2.0m against liabilities of $43k, net assets of $1.9m. It reported 41 employees.