Faust Park Foundation

Analysis

Faust Park Foundation is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Faust Park Foundation reported income of $136k and spending of $146k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $136k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 282%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Faust Park Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MO. Charities of a similar size with the same main cause include Ballet Folklorico Del Pacifico ($136k), Kentwood Players ($136k) and Woodbine Main Street - Chamber ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 89% of the total. Other salaries and wages came to $53k. At year end it held assets of $533k against liabilities of $1,400, net assets of $532k.