Parents Foundation for Transitional Living Inc

Analysis

Parents Foundation for Transitional Living Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Parents Foundation for Transitional Living Inc reported income of $2.3m and spending of $2.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Parents Foundation for Transitional Living Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Midwest Veterans Biomedical Research Foundation ($2.3m), Randolph County Health Department ($2.3m) and Northampton Regional Emergency Medical Services ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $358k (14% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $194k, net assets of $1.3m. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.