Greensboro Downtown Parks Inc

Analysis

Greensboro Downtown Parks Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in January 2016, 10 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, Greensboro Downtown Parks Inc reported income of $797k and spending of $743k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $873k to $797k (-8.7%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greensboro Downtown Parks Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Island Mountain Community Development Financial Institution ($797k), Citybuild Community Developmentcorporation ($797k) and Sustainable Muncie Corp ($796k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $420k. At year end it held assets of $80k against liabilities of $29k, net assets of $51k. It reported 28 employees.