Seattle Parks Foundation

Analysis

Seattle Parks Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 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 June 2023, Seattle Parks Foundation reported income of $4.1m and spending of $6.2m, spending 152% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.5m to $4.1m (-25%), an average of -9.1% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Seattle Parks Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Flying Horse Farms ($4.1m), Bronco Athletic Association Inc ($4.1m) and Rev Soccer Club ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $212k (3.4% of expenses). Other salaries and wages came to $1.1m. It paid $32k in professional fundraising fees. At year end it held assets of $13.5m against liabilities of $1.2m, net assets of $12.3m. It reported 17 employees.