Friends of Heritage Park & Gardens Inc

Analysis

Friends of Heritage Park & Gardens Inc is a registered charity in United States, based in Live Oak, FL. It received its IRS tax-exemption ruling in March 2012, 14 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 2022, Friends of Heritage Park & Gardens Inc reported income of $135k and spending of $124k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $121k to $135k (+12%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 90% 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 Heritage Park & Gardens Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include West Virginia Interstate Fair and Exposition Inc ($135k), Wolves Baseball Boosters ($135k) and Babbitt Golf Association ($135k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. At year end it held assets of $208k against liabilities of $29k, net assets of $179k.