Parc Inc Plainville

Analysis

Parc Inc Plainville is a registered charity in United States, based in Plainville, CT. It received its IRS tax-exemption ruling in July 1985, 41 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, Parc Inc Plainville reported income of $89k and spending of $97k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $89k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parc Inc Plainville sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include Rhode Island Dream Center ($89k), New Spring Recovery Center ($89k) and Deyarmin Foundation ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.