Bonnet Springs Park Inc

Analysis

Bonnet Springs Park Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in April 2016, 10 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 2022, Bonnet Springs Park Inc reported income of $52.4m and spending of $8.8m, leaving 83% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $15.9m to $52.4m (+230%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 8.6% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bonnet Springs Park Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Detroit Riverfront Conservancy Inc ($52.1m), Utah Athletic Foundation ($52.5m) and African Parks Foundation of America ($51.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $360k (4.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $146.7m against liabilities of $4.4m, net assets of $142.3m. It reported 120 employees.