Montgomery County Parks Foundation Inc

Analysis

Montgomery County Parks Foundation Inc is a registered charity in United States, based in Wheaton, MD. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Montgomery County Parks Foundation Inc reported income of $650k and spending of $437k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $721k to $650k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montgomery County Parks Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include 1870 Crotona Avenue Housing Development Fund Corporation ($650k), Berkeley Electric Trust ($650k) and Unf Charitable Gift Fund ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $7,678. At year end it held assets of $2.4m against liabilities of $48k, net assets of $2.3m. It reported 3 employees.