Vulcan Park Foundation

Analysis

Vulcan Park Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in March 2000, 26 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, Vulcan Park Foundation reported income of $2.1m and spending of $2.4m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $2.1m (-6.7%), an average of -2.3% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vulcan Park Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Schaumburg Athletic Association ($2.1m), Camp Moshava of Wild Rose Inc ($2.2m) and Northshore Youth Soccer Association ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $238k (9.9% of expenses). Other salaries and wages came to $653k. At year end it held assets of $2.8m against liabilities of $484k, net assets of $2.3m. It reported 38 employees.