Redwood City Parks and Arts Foundation

Analysis

Redwood City Parks and Arts Foundation is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in August 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 2023, Redwood City Parks and Arts Foundation reported income of $655k and spending of $390k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $439k to $655k (+49%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 64% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redwood City Parks and Arts Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Patriot Field Hockey Club Inc ($654k), The Crew Center ($655k) and Kinnelon Junior Football Parents Association Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 39% of the total. Other salaries and wages came to $4,673. At year end it held assets of $4.1m against liabilities of $2.2m, net assets of $2.0m. It reported 1 employees.