Foundation of the Virginia Recreation and Park Society

Analysis

Foundation of the Virginia Recreation and Park Society is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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, Foundation of the Virginia Recreation and Park Society reported income of $54k and spending of $30k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $66k to $54k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Virginia Recreation and Park Society sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Parish Resource Center Inc ($54k), McNairy County Senior Citizens Club Inc Adamsville Chapter ($54k) and Somesville Landing Corp ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $422k against liabilities of $1,250, net assets of $420k.