Friends of the Forest Hills Park Association

Analysis

Friends of the Forest Hills Park Association is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2021, 5 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, Friends of the Forest Hills Park Association reported income of $390k and spending of $36k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $390k (+426%), an average of +426% a year. The sharpest change came in the year to December 2023, when income rose by 426%. 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, Friends of the Forest Hills Park Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Sienna Plantation Youth Baseballleague Inc ($390k), Mt Sterling Community Center NFP ($390k) and Ballard Alumni Association Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $10k (28% of expenses). It paid $6,238 in professional fundraising fees. At year end it held assets of $397k against liabilities of $0, net assets of $397k.