Park Pride Inc

Analysis

Park Pride Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1990, 36 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 June 2023, Park Pride Inc reported income of $8.3m and spending of $5.1m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $4.4m to $8.3m (+87%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 422%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Park Pride Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Horizon League Inc ($8.2m), Arkansas State University Red Wolves Foundation Inc ($8.3m) and Woodall Rodgers Park Foundation ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $407k (7.9% of expenses). Other salaries and wages came to $833k. At year end it held assets of $12.5m against liabilities of $1.7m, net assets of $10.8m. It reported 17 employees.