Partners for Parks Inc

Analysis

Partners for Parks Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Partners for Parks Inc reported income of $958k and spending of $217k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $958k (+263%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 422%. Over the whole period it spent 45% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Partners for Parks Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Magic Soccer Club of Indiana ($958k), Clarkstown Soccer Club Inc ($960k) and Graettinger Economic Development Council ($957k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.