Tammy Wynette Legacy Park

Analysis

Tammy Wynette Legacy Park is a registered charity in United States, based in Fulton, MS. It received its IRS tax-exemption ruling in February 2015, 11 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 (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 2022, Tammy Wynette Legacy Park reported income of $63k and spending of $123k, spending 194% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $21k to $63k (+197%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 298% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tammy Wynette Legacy Park sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within MS. Charities of a similar size with the same main cause include Jacksonville Boosters Foundation Inc ($63k), Princess Theater Troupe Inc ($63k) and Clay on Main ($63k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

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.