Fairfax County Park Foundation Inc

Analysis

Fairfax County Park Foundation Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in November 2001, 25 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fairfax County Park Foundation Inc reported income of $2.0m and spending of $1.4m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $572k to $2.0m (+256%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fairfax County Park Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Rebuilding Together St Louis ($2.0m), Rockingham Economic Development Corporation ($2.0m) and Uptown Consortium Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.