Petaluma River Park Foundation Inc

Analysis

Petaluma River Park Foundation Inc is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in September 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, Petaluma River Park Foundation Inc reported income of $8.7m and spending of $1.0m, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $704k to $8.7m (+1131%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 1048%. Over the whole period it spent 14% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Petaluma River Park Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Rocky Mountain Conservancy ($8.6m), F C Stars Inc ($8.7m) and YMCA Camp Ockanickon Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $302k (29% of expenses). Other salaries and wages came to $32k. It paid $3,625 in professional fundraising fees. At year end it held assets of $10.1m against liabilities of $146k, net assets of $9.9m. It reported 2 employees.