Friends of Sand Point Magnuson Park

Analysis

Friends of Sand Point Magnuson Park is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2004, 22 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 December 2023, Friends of Sand Point Magnuson Park reported income of $54k and spending of $62k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $54k (-10%), an average of -10% a year. Over the whole period it spent 109% 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 Sand Point Magnuson Park 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 21st percentile, and in the 15th percentile within WA. Charities of a similar size with the same main cause include Western Missouri Soccer League Inc ($54k), Batavia Youth Football Inc ($54k) and Middleton Youth Soccer Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $54k against liabilities of $50k, net assets of $3,695.