Parkers Community Fund Inc

Analysis

Parkers Community Fund Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in August 2022, 4 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, Parkers Community Fund Inc reported income of $2.4m and spending of $2.7m, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.0m to $2.4m (+22%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 1462%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parkers Community Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Creighton Community Foundation ($2.4m), Harford Community College Foundation Inc ($2.4m) and United Way of Hudson County ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.