Parks Arts Recreation and Cultural Foundation of Thurston County

Analysis

Parks Arts Recreation and Cultural Foundation of Thurston County is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in February 1999, 27 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, Parks Arts Recreation and Cultural Foundation of Thurston County reported income of $196k and spending of $174k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $258k to $196k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parks Arts Recreation and Cultural Foundation of Thurston County sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WA. Charities of a similar size with the same main cause include Pittsford Community Lacrosse Inc ($196k), Monroe Soccer Club Inc ($196k) and Big Bend Community Baseball and Softball ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. It paid $30k in professional fundraising fees. At year end it held assets of $528k against liabilities of $5,953, net assets of $522k.