Park Central Development Corporation

Analysis

Park Central Development Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 2003, 23 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, Park Central Development Corporation reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $1.5m (+168%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Park Central Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Qualitative Solutions ($1.5m), Long Grove Business and Communitypartners ($1.5m) and Plenty Doors Community Development Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 27% of the total. Other salaries and wages came to $380k. At year end it held assets of $839k against liabilities of $159k, net assets of $680k. It reported 7 employees.