Veterans Memorial Park Foundation of Pensacola Inc

Analysis

Veterans Memorial Park Foundation of Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veterans Memorial Park Foundation of Pensacola Inc reported income of $297k and spending of $127k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $297k (+183%), an average of +183% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Veterans Memorial Park Foundation of Pensacola Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Utah Chamber Artists ($297k), Rock River Heritage Inc ($297k) and Northville Art House Incorporated ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $265k against liabilities of $0, net assets of $265k.