Park Rapids Education & Activities Foundation Incorporated

Analysis

Park Rapids Education & Activities Foundation Incorporated is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in June 1992, 34 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 December 2023, Park Rapids Education & Activities Foundation Incorporated reported income of $61k and spending of $67k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $61k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Rapids Education & Activities Foundation Incorporated sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Homewood Flossmoor High School Foundation ($61k), Croation Commissariat of the Third ($61k) and Steele County Council on Aging ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $378k against liabilities of $0, net assets of $378k.