Parents League of New York Inc

Analysis

Parents League of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Parents League of New York Inc reported income of $834k and spending of $890k, spending 107% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $722k to $834k (+16%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parents League of New York Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Acevedo Foundation ($834k), Bethesda Family & Community Development Center Inc ($834k) and Genesis Outreach Incorporated ($834k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $144k (16% of expenses). Other salaries and wages came to $328k. At year end it held assets of $1.5m against liabilities of $216k, net assets of $1.3m. It reported 11 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.