Friends of the Warner Parks Inc

Analysis

Friends of the Warner Parks Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1988, 38 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, Friends of the Warner Parks Inc reported income of $4.5m and spending of $5.4m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $4.9m to $4.5m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2022, when income rose by 492%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Warner Parks Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Almaden Valley Soccer Club Inc ($4.5m), The United States Figure Skating Foundation ($4.5m) and National Archery in the Shools Program Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $352k (6.5% of expenses). Other salaries and wages came to $562k. At year end it held assets of $6.6m against liabilities of $311k, net assets of $6.3m. It reported 25 employees.