Friends of Stewart Park Inc

Analysis

Friends of Stewart Park Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in July 2014, 12 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, Friends of Stewart Park Inc reported income of $252k and spending of $190k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $362k to $252k (-30%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Stewart Park Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($252k), Wilmington Rowing Center ($252k) and Am3n ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $67k (35% of expenses). Other salaries and wages came to $29k. At year end it held assets of $286k against liabilities of $12k, net assets of $274k. It reported 5 employees.