City of Hoover Park and Recreation Foundation

Analysis

City of Hoover Park and Recreation Foundation is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, City of Hoover Park and Recreation Foundation reported income of $66k and spending of $32k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,405 to $66k (+680%), an average of +680% a year. The sharpest change came in the year to December 2023, when income rose by 680%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, City of Hoover Park and Recreation Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within AL. Charities of a similar size with the same main cause include Brandon Champion Foundation ($66k), To Mentor Educate and Empower ($66k) and Comision Honorifica Mexacana of Stockton California ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.