Washington Square Park Conservancy Inc

Analysis

Washington Square Park Conservancy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 June 2023, Washington Square Park Conservancy Inc reported income of $4.7m and spending of $1.0m, leaving 78% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $895k to $4.7m (+429%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 472%. Over the whole period it spent 53% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Washington Square Park Conservancy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Philadelphia Youth Basketball Inc ($4.7m), Minnesota Youth Athletic Services Inc ($4.7m) and International Surfing Association Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $250k. At year end it held assets of $4.7m against liabilities of $227k, net assets of $4.4m. It reported 10 employees.