Park Community Credit Union Foundation Inc

Analysis

Park Community Credit Union Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Credit Union Foundation Inc reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $943k to $1.7m (+84%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Park Community Credit Union Foundation Inc 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 85th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Hyde Park Neighborhood Club ($1.7m), Unitemke ($1.7m) and Womens Community Justice Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $252k against liabilities of $25k, net assets of $227k.