Friends of Paterson Parks a NJ Nonprofit Corporation

Analysis

Friends of Paterson Parks a NJ Nonprofit Corporation is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in August 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 June 2023, Friends of Paterson Parks a NJ Nonprofit Corporation reported income of $684k and spending of $243k, leaving 65% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $141k to $684k (+385%), an average of +385% a year. The sharpest change came in the year to June 2023, when income rose by 385%. Over the whole period it spent 54% 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 Paterson Parks a NJ Nonprofit Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include South County Athletic Association ($684k), Crown Point Cal Ripken Youth Baseball Inc ($685k) and Our World at Hope Park Inc ($684k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $494k against liabilities of $0, net assets of $494k.