Overview
What is Park Avenue Charitable Fund?
The Park Avenue Charitable Fund is a nonprofit organization with a mission to distribute funds to other exempt, publicly supported charitable organizations. Established to serve a diverse range of philanthropic causes, the Fund seeks to achieve its goal by providing financial assistance to selected charities that align with its objectives. By doing so, the Park Avenue Charitable Fund aims to contribute positively to various sectors that require support, thus promoting charitable work on a broader scale.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Park Avenue Charitable Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial integrity. The charity’s score of 94% is based solely on its Accountability & Finance metrics, indicating a robust operational framework and good governance practices.
Strengths of the organization include a completely independent board, which is crucial for unbiased decision-making. The charity has demonstrated excellent financial oversight, with no material diversion of assets reported and a very low liabilities to assets ratio of 0.00%. Furthermore, the organization allocates a significant portion of its budget to program expenses, showcasing its focus on mission-driven initiatives.
While the charity excels in financial practices and transparency, no specific limitations have been highlighted in the available data. Overall, the Park Avenue Charitable Fund exemplifies a reliable and well-managed nonprofit organization that prioritizes ethical standards and effective resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Park Avenue Charitable Fund legitimate?
Park Avenue Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Avenue Charitable Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Park Avenue Charitable Fund?
The Park Avenue Charitable Fund's mission is to distribute funds to various exempt, publicly supported charitable organizations. Established to serve a broad range of philanthropic causes, the fund aims to accomplish its goal by providing financial support to chosen public charities that align with its objectives. By distributing funds to these organizations, the Park Avenue Charitable Fund seeks to contribute to a diverse array of charitable initiatives.
Who is the CEO of Park Avenue Charitable Fund?
Gary S Castle is the President of Park Avenue Charitable Fund.
What is the revenue of Park Avenue Charitable Fund?
Park Avenue Charitable Fund's revenue in 2022 was $1,805,381.
Who are the executives of Park Avenue Charitable Fund and what are their salaries?
There 8 volunteers at Park Avenue Charitable Fund.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Park Avenue Charitable Fund?
Park Avenue Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Avenue Charitable Fund
The Park Avenue Charitable Fund, in its mission, aims to distribute funds to various exempt publicly supported charitable organizations. Established with a broad-ranged philanthropic vision, this fund intends to achieve its objective by financially supporting selected public charities that align with its objectives. The Park Avenue Charitable Fund serves as a catalyst, channeling resources to a diverse array of charitable causes.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Park Avenue Charitable Fund plays a pivotal role in enhancing philanthropy by distributing funds to a diverse array of publicly supported charitable organizations. By strategically allocating financial resources, the Fund significantly amplifies the impact of various philanthropic initiatives across different causes. This approach allows the Fund to address numerous societal needs and further support the missions of selected public charities that align with its objectives. Based in New York, the Park Avenue Charitable Fund is dedicated to fostering and supporting community-driven efforts, making a tangible difference in the lives of many. Through its initiatives, it acts as a catalyst for positive change and encourages collaborative efforts among charitable entities.
This information is meant to be a general summary of Park Avenue Charitable Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $61,952
- Gross Receipts: $2,971,601
Assets and Liabilities:
- Total Assets: $5,837,422
- Total Liabilities: $0
- Net Assets: $5,837,422
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1990
Phone
(212) 840-3456Principal Officer
Gary S Castle
Main Address
1375 BROADWAY 18TH FLOOR, NEW YORK, NY, 100187001
NTEE Category
Code: T50J - Philanthropy
If you are a representative of Park Avenue Charitable Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.