Elgin Parks and Recreation Foundation

Analysis

Elgin Parks and Recreation Foundation is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Elgin Parks and Recreation Foundation reported income of $70k and spending of $38k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $70k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elgin Parks and Recreation Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include The Child & Family Foundation Inc ($70k), Village Youth & Family Center Incorporated ($70k) and Invictus Foundation ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.