Highland Village Parks Foundation

Analysis

Highland Village Parks Foundation is a registered charity in United States, based in Highland Village, TX. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Highland Village Parks Foundation reported income of $57k and spending of $80k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $6,672 to $57k (+760%), an average of +105% a year. The sharpest change came in the year to December 2020, when income rose by 872%. Over the whole period it spent 174% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Highland Village Parks Foundation 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 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Startup Atlanta ($57k), Earl Collins Kiwanis Foundation of Mo-Ar Dist Kiwanis International ($57k) and Sperryville Community Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.