The San Carlos Parks & Recreation Foundation Inc

Analysis

The San Carlos Parks & Recreation Foundation Inc is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The San Carlos Parks & Recreation Foundation Inc reported income of $178k and spending of $74k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $321k to $178k (-45%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The San Carlos Parks & Recreation Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Lapeer Development Corporation ($178k), Green Olive Tree Inc ($178k) and Envision Greater Green Bay Inc ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $249k against liabilities of $13k, net assets of $236k.