Fargo Park District Foundation

Analysis

Fargo Park District Foundation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in June 2017, 9 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, Fargo Park District Foundation reported income of $2.9m and spending of $8.8m, spending 307% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.8m to $2.9m (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fargo Park District Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within ND. Charities of a similar size with the same main cause include Lorain County Agricultural Society ($2.9m), TNT Kids Fitness ($2.9m) and Utah High School Mountain Biking ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (1.7% of expenses). Other salaries and wages came to $41k. At year end it held assets of $28.4m against liabilities of $27.4m, net assets of $1.0m.