William J Palmer Parks Foundation Inc

Analysis

William J Palmer Parks Foundation Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 1978, 48 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 June 2023, William J Palmer Parks Foundation Inc reported income of $1.9m and spending of $2.1m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, William J Palmer Parks Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Bayareachess Inc ($1.9m), Walter Schroeder Aquatic Center Ltd ($1.9m) and Reapers Hockey Association ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $153k (7.5% of expenses). Other salaries and wages came to $622k. At year end it held assets of $8.1m against liabilities of $1.7m, net assets of $6.4m. It reported 15 employees.