Parentchild Plus Inc

Analysis

Parentchild Plus Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 June 2023, Parentchild Plus Inc reported income of $10.9m and spending of $5.6m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $10.9m (+174%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parentchild Plus Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Equity Health ($10.9m), Ohio Association of Community Health Center Inc ($10.9m) and Mae Volen Senior Center Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $185k (3.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $9.1m against liabilities of $612k, net assets of $8.5m.