Friends Of@springfield Parks Inc

Analysis

Friends Of@springfield Parks Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends Of@springfield Parks Inc reported income of $155k and spending of $88k, leaving 43% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $38k to $155k (+312%), an average of +103% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 42% 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@springfield Parks Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include United States Amateur Jump Rope Federation Inc ($155k), Thurston County Youth Soccer Association ($155k) and Hi-Point Youth Sports ($155k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 109% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.