Cedar Rapids Parks Foundation

Analysis

Cedar Rapids Parks Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in September 2016, 10 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 (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, Cedar Rapids Parks Foundation reported income of $103k and spending of $66k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $103k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cedar Rapids Parks Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within IA. Charities of a similar size with the same main cause include Social Ecological Economic Development Corporation ($103k), Aberdeen Rotary Foundation ($103k) and Friends of Ironton ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.