The Park People

Analysis

The Park People is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1966, 60 years ago. 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 2023, The Park People reported income of $1.6m and spending of $1.2m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $667k to $1.6m (+146%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Park People sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.6m), Fosterhope Sacramento ($1.6m) and Houghton Academy ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $105k (8.8% of expenses). Other salaries and wages came to $383k. At year end it held assets of $2.6m against liabilities of $75k, net assets of $2.5m. It reported 11 employees.