City of Cullman Park and Recreation Foundation

Analysis

City of Cullman Park and Recreation Foundation is a registered charity in United States, based in Cullman, AL. It received its IRS tax-exemption ruling in June 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City of Cullman Park and Recreation Foundation reported income of $132k and spending of $78k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $132k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, City of Cullman Park and Recreation Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within AL. Charities of a similar size with the same main cause include Dallastown Soccer Club ($132k), Area Youth Sports Inc ($132k) and Beachside Athletic Boosters Inc ($132k).

At year end it held assets of $365k against liabilities of $1,593, net assets of $364k.