Spokane Parks Foundation

Analysis

Spokane Parks Foundation is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in July 1953, 73 years ago. 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, Spokane Parks Foundation reported income of $558k and spending of $292k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $639k to $558k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spokane Parks Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Snohomish Seniors ($558k), Consolidated Community Development Inc ($558k) and Housing Association of the Diocese of St Augustine Inc ($557k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $75k (26% of expenses). At year end it held assets of $2.1m against liabilities of $4,111, net assets of $2.1m. It reported 1 employees.