Friends of West University Parks Fund

Analysis

Friends of West University Parks Fund is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of West University Parks Fund reported income of $567k and spending of $169k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $567k (+96%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 80% 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 West University Parks Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Friends of the Schuykill Navy ($566k), Pleasure Island Soccer Association Inc ($567k) and Labelle Youth Livestock & Ag Show Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 138% of the total. At year end it held assets of $1.8m against liabilities of $72k, net assets of $1.7m.