Des Moines Water Works Park Foundation

Analysis

Des Moines Water Works Park Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 2014, 12 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, Des Moines Water Works Park Foundation reported income of $460k and spending of $590k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $460k (-75%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 82%. Over the whole period it spent 302% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Des Moines Water Works Park Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within IA. Charities of a similar size with the same main cause include Newport Harbor Baseball Association ($460k), Yates Cultural & Recreational Resources Inc ($461k) and Wilmington Youth Soccer Association Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 91% of the total. At year end it held assets of $740k against liabilities of $2.3m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.