Friends of Dugas Community Park Inc

Analysis

Friends of Dugas Community Park Inc is a registered charity in United States, based in Scottsville, KY. It received its IRS tax-exemption ruling in April 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, Friends of Dugas Community Park Inc reported income of $489k and spending of $595k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $489k (+137%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Dugas Community Park Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Neighborhood Alliance of Okc Inc ($489k), Dorchester Economic Development Corporation ($489k) and South Central Texas Regional Certification Agency ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $198k. At year end it held assets of $6.2m against liabilities of $0, net assets of $6.2m.