Parks Foundation of Oak Park

Analysis

Parks Foundation of Oak Park is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Parks Foundation of Oak Park reported income of $752k and spending of $44k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $752k (-66%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 480%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parks Foundation of Oak Park sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Okaloosa Public Schools Foundation ($752k), United Way of Southern WV Inc ($753k) and Copiah County Human Resource Agency ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.