Friends of State Parks Inc

Analysis

Friends of State Parks Inc is a registered charity in United States, based in Bethania, NC. It received its IRS tax-exemption ruling in February 1986, 40 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, Friends of State Parks Inc reported income of $375k and spending of $178k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $375k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of State Parks Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include 1st Choice Pregnancy Resource Center Inc ($374k), Annie Lowe Stiles Trust ($375k) and New Hampshire Music Educators Assoc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $42k (24% of expenses). At year end it held assets of $994k against liabilities of $3,280, net assets of $990k.