Parks and People Inc

Analysis

Parks and People Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1984, 42 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, Parks and People Inc reported income of $7.5m and spending of $6.1m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $7.5m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 199%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parks and People Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Community Center of Northern Westchester Inc ($7.5m), Glacier National Park Conservancy ($7.5m) and Fiba Americas Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $181k (3.0% of expenses). Other salaries and wages came to $973k. At year end it held assets of $17.5m against liabilities of $2.0m, net assets of $15.5m. It reported 64 employees.