Franklin-Simpson Parks Board

Analysis

Franklin-Simpson Parks Board is a registered charity in United States, based in Franklin, KY. It received its IRS tax-exemption ruling in June 1998, 28 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 2024, Franklin-Simpson Parks Board reported income of $927k and spending of $905k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $512k to $927k (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Franklin-Simpson Parks Board 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 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Southwest Athletics Inc ($927k), Fort Wayne Sport Club Youth Soccer Inc ($928k) and Waycross Inc ($926k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $235k. At year end it held assets of $411k against liabilities of $24k, net assets of $386k. It reported 15 employees.