Friends of the Parks Foundation Inc

Analysis

Friends of the Parks Foundation Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in April 1987, 39 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 2022, Friends of the Parks Foundation Inc reported income of $500k and spending of $291k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $281k to $500k (+78%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Parks Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($500k), United Way of El Dorado Kansas Inc ($501k) and Adoption Center ($500k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $91k (31% of expenses). Other salaries and wages came to $110k. At year end it held assets of $374k against liabilities of $20k, net assets of $354k. It reported 12 employees.