Parks Foundation of Islip Town Inc

Analysis

Parks Foundation of Islip Town Inc is a registered charity in United States, based in Islip, NY. It received its IRS tax-exemption ruling in May 2019, 7 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, Parks Foundation of Islip Town Inc reported income of $451k and spending of $565k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $316k to $451k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parks Foundation of Islip Town Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Central Region Innovation and Commercialization Center Inc ($451k), East Passyunk Avenue Business Improvement District Inc ($451k) and Indian Country Grassroots Support ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.