Forever Parks Foundation of Pearland

Analysis

Forever Parks Foundation of Pearland is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Forever Parks Foundation of Pearland reported income of $247k and spending of $537k, spending 218% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $247k (+7.5%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Forever Parks Foundation of Pearland sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include National Center for Resource Development ($247k), Picayune Main Street Inc ($247k) and Seeing Hand Association Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $46k against liabilities of $200, net assets of $46k.