Friends of Herter Park Inc

Analysis

Friends of Herter Park Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in April 2017, 9 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 June 2023, Friends of Herter Park Inc reported income of $101k and spending of $84k, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $79k to $101k (+27%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 86% 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 Herter Park Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include J T Mitchell Pre-Apprenticeship Academy ($101k), Old Dominion Foundation Inc ($101k) and Heartstone Ministries ($100k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.