Friends Of@martins Park Inc

Analysis

Friends Of@martins Park Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in April 2017, 9 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 2023, Friends Of@martins Park Inc reported income of $86k and spending of $309k, spending 361% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $233k to $86k (-63%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 2494%. 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, Friends Of@martins Park Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Big Waves Foundation Inc ($86k), Franklin Pee-Wee Football Association Inc ($86k) and Cole Camp Swimming Pool Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $4.5m against liabilities of $13k, net assets of $4.5m.