Park Avenue Charitable Fund

Analysis

Park Avenue Charitable Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Park Avenue Charitable Fund reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Park Avenue Charitable Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include National Assistance League ($1.2m), Union County Foundation Inc ($1.2m) and Yakima Rotary Trust ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m.