Talent Skatepark Inc

Analysis

Talent Skatepark Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in May 2019, 7 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, Talent Skatepark Inc reported income of $385k and spending of $348k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $218k to $385k (+77%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Talent Skatepark Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 59th percentile within VT. Charities of a similar size with the same main cause include Prairie View Christian Camp ($385k), Three Gaits Inc ($385k) and Wisconsin Hockey Development Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $72k (21% of expenses). Other salaries and wages came to $112k. At year end it held assets of $262k against liabilities of $6,131, net assets of $255k. It reported 27 employees.