Loveland Parks and Recreation Foundation

Analysis

Loveland Parks and Recreation Foundation is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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, Loveland Parks and Recreation Foundation reported income of $270k and spending of $179k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $278k to $270k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 273%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loveland Parks and Recreation Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Suscol Council ($270k), Davie County Arts Council ($270k) and Association of Clinical Scientists ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 69% of the total. At year end it held assets of $950k against liabilities of $0, net assets of $950k.