Playland Communities Foundation

Analysis

Playland Communities Foundation is a registered charity in United States, based in Christoval, TX. It received its IRS tax-exemption ruling in November 2020, 6 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 December 2023, Playland Communities Foundation reported income of $125k and spending of $98k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $125k (+142%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Playland Communities Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Team Colorado Whitewater Racing Club ($125k), Alto Fair Inc ($125k) and Pony Boys Basketball ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $222k against liabilities of $0, net assets of $222k.