Park Church

Analysis

Park Church is a registered charity in United States, based in Tinton Falls, NJ. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Park Church reported income of $572k and spending of $566k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $572k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Park Church sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Hari Smruti International Inc ($572k), Iea Inspire Encourage Achieve ($572k) and Restoring the Foundations International Inc ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $32k (5.7% of expenses). Other salaries and wages came to $76k. At year end it held assets of $6.7m against liabilities of $0, net assets of $6.7m. It reported 8 employees.