Park National Bank Employees Community Service Fund

Analysis

Park National Bank Employees Community Service Fund is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in November 1972, 54 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 December 2023, Park National Bank Employees Community Service Fund reported income of $519k and spending of $514k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $519k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 55%. 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 National Bank Employees Community Service Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Achieve Language Academy Building Company ($518k), Luskin Family Foundation Inc ($519k) and American Friends of Ner Yisroel Inc ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $543k against liabilities of $0, net assets of $543k.