Aspinwall Riverfront Park Inc

Analysis

Aspinwall Riverfront Park Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2013, 13 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 June 2023, Aspinwall Riverfront Park Inc reported income of $2.4m and spending of $936k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $861k to $2.4m (+174%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 262%. Over the whole period it spent 40% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aspinwall Riverfront Park Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Champaign County Agricultural Society ($2.4m), Broomfield Junior Soccer Club ($2.4m) and Sky Tavern ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $43k (4.6% of expenses). Other salaries and wages came to $169k. It paid $15k in professional fundraising fees. At year end it held assets of $12.9m against liabilities of $116k, net assets of $12.8m. It reported 3 employees.