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Indiana · Nonprofit

Friends of Rea Park Inc

Friends of Rea Park Inc (Indiana) receives grants from 5 organizations whose IRS filings report $320,500 to it, the largest being WABASH VALLEY COMMUNITY FOUNDATION INC ($109,000). 3 of them have funded it in more than one year.

Revenue FY2025
$15k
Funders on record
5
Grants received
$321k
Net assets
$27k
3/5 repeat funderspeak grant-dependency 54%
01What it does

What Friends of Rea Park Inc does

Mission

To collect, promote, and disseminate knowledgeand information concerning William S. Rea and Geraldine A. Rea and their namesake public work as well as spearhead efforts to raise funds for the aforementioned park.

As stated on its FY2025 Form 990-EZ.

Program

  1. Received $11,450 in contributions for renovation of the Clubhouse at William S. Rea Park.

    $152,493 spentof which $151,470 as grants
    100% of program spending

The program described on its FY2025 Form 990-EZ. Program spending in total: $152,493.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($176k) Expenses 100 ($195) Net assets 100 ($243k)2022 Revenue 80 ($141k) Expenses 959 ($2k) Net assets 157 ($382k)2023 Revenue 107 ($188k) Expenses 482 ($939) Net assets 234 ($569k)2024 Revenue 111 ($195k) Expenses 308134 ($601k) Net assets 67 ($164k)2025 Revenue 9 ($15k) Expenses 78202 ($152k) Net assets 11 ($27k)
20212022202320242025
Revenue (9)Expenses (78202)Net assets (11)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $569k to $164k (−71%).

$243k
$382k
$569k
$164k
$27k
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

75% of Friends of Rea Park Inc’s revenue is contributions — more donation-reliant than the typical peer (39% for the typical peer).

This organization
Typical peer · 15,075 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

$176k
’21
$139k
’22
$187k
’23
−$406k
’24
−$137k
’25
7277
months of
reserve
03Who funds it

Who funds it, year by year

2021 → 2023: the base held at 2 funders, grant income fell $75k → $64k.

1 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 34% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Friends of Rea Park Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Friends of Rea Park Inc leans on a few funders — its largest provides 34% of grant income and the top three 81%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

38% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Friends of Rea Park Inc.

34%
largest funder
81%
top three
~4
effective funders

Largest funder’s share by year: 2021 67% · 2022 65% · 2023 84% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

95% of Friends of Rea Park Inc's grant income comes from Indiana funders.

IN
CA

In-state vs out-of-state, by year

’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $109k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Friends of Rea Park Inc's revenue fell 91% between 2021 and 2025.

Operating margin−893% · bottom quartile
Revenue growth (annualized)−46% · bottom quartile

this organization peer median middle 50% of peers· 9,557 recreation & sports nonprofits under $100k, FY2025

Organizations like Friends of Rea Park Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

94%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for Friends of Rea Park Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Friends of Rea Park Inc?
Friends of Rea Park Inc (Indiana) receives grants from 5 organizations whose IRS filings report $320,500 to it, the largest being WABASH VALLEY COMMUNITY FOUNDATION INC ($109,000). 3 of them have funded it in more than one year.
How many funders does Friends of Rea Park Inc have?
IRS filings report 5 organizations giving $320,500 in grants to Friends of Rea Park Inc, 3 of which have funded it in more than one year.
Who is the largest funder of Friends of Rea Park Inc?
WABASH VALLEY COMMUNITY FOUNDATION INC is the largest funder on record, with $109,000 in grants. The full list of funders is on this page.
How can an organization like Friends of Rea Park Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Friends of Rea Park →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing