Friends of the Park Inc

Analysis

Friends of the Park Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 2012, 14 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, Friends of the Park Inc reported income of $659k and spending of $754k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $649k to $659k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Park Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Friends of Danada Inc ($659k), Merrimack Academy for Theperforming Arts Inc ($659k) and Eastern North American Region of the Biometric Society P O Box 269 ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $320k. At year end it held assets of $3,062 against liabilities of $26k, net assets of -$23k. It reported 9 employees.