Hammond Parks Foundation Inc

Analysis

Hammond Parks Foundation Inc is a registered charity in United States, based in Hammond, IN. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hammond Parks Foundation Inc reported income of $67k and spending of $71k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $67k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hammond Parks Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include National Association of Charitable Gift Planners ($67k), Arc - Little Missouri Inc ($67k) and Housing Foundation ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.