Allegheny County Parks Foundation Inc

Analysis

Allegheny County Parks Foundation Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2010, 16 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 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, Allegheny County Parks Foundation Inc reported income of $2.7m and spending of $1.4m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allegheny County Parks Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Denver Electrical Joint Apprenticeship and Training Commit ($2.7m), Goodwill Contract Services Hawaii Inc ($2.7m) and Verde Valley Sanctuary ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $133k (9.2% of expenses). Other salaries and wages came to $500k. It paid $12k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $252k, net assets of $5.0m. It reported 9 employees.