Park Center

Analysis

Park Center is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover employment, 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 June 2023, Park Center reported income of $8.3m and spending of $9.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $8.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 232%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Park Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Pinellas Public Library Cooperative Inc ($8.3m), Concho Valley Workforce Development Board ($8.3m) and Employment Development Services Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $286k (3.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $31.6m against liabilities of $1.0m, net assets of $30.6m. It reported 141 employees.