Parks Foundation of Burlington

Analysis

Parks Foundation of Burlington is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in June 2016, 10 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, Parks Foundation of Burlington reported income of $139k and spending of $537k, spending 385% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $509k to $139k (-73%), an average of -35% a year. The sharpest change came in the year to June 2023, when income rose by 512%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parks Foundation of Burlington sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 35th percentile within VT. Charities of a similar size with the same main cause include Junior Marauders Football and Cheer ($139k), Indianola Community Youth Foundation ($140k) and Jeremy Bullock Memorial Fund ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.