Truckee Meadows Parks Foundation

Analysis

Truckee Meadows Parks Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in January 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 December 2022, Truckee Meadows Parks Foundation reported income of $1.8m and spending of $2.1m, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.8m (+29%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Truckee Meadows Parks Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NV. Charities of a similar size with the same main cause include Orange County Youth Sportsassociation ($1.8m), M&n Sports Inc ($1.8m) and Seattle Junior Hockey Association ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $95k (4.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $220k against liabilities of $0, net assets of $220k. It reported 109 employees.