Parks System TR Fund

Analysis

Parks System TR Fund is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in December 1945, 81 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, Parks System TR Fund reported income of $1.6m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parks System TR Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include Meals for the Elderly ($1.6m), Powder Keg Punishers Lemc ($1.6m) and The Family Network Adoption Center ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% of the total. At year end it held assets of $20.6m against liabilities of $19k, net assets of $20.6m.