Peoples Park Foundation Inc

Analysis

Peoples Park Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in December 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 (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, Peoples Park Foundation Inc reported income of $1.5m and spending of $1.4m, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $1.5m (+36%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peoples Park Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Clayton Shaw Park Swimming Team Inc ($1.5m), Philadelphia Activities Fund Inc ($1.5m) and Rensselaer County Agricultural and Horticultural Society ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $197k. At year end it held assets of $611k against liabilities of $32k, net assets of $579k. It reported 1 employees.