Christmas in the Park

Analysis

Christmas in the Park is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 1985, 41 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 February 2024, Christmas in the Park reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 6 years on record, from February 2019 to February 2024, income grew from $1.1m to $1.7m (+52%), an average of +8.7% a year. The sharpest change came in the year to February 2021, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Christmas in the Park sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Crescent City Fitness Foundation Inc ($1.7m), Harper County Community Foundation ($1.7m) and Adaptive Sports Foundation Inc ($1.7m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $106k (6.2% of expenses). Other salaries and wages came to $504k. At year end it held assets of $1.0m against liabilities of $209k, net assets of $818k. It reported 55 employees.