Parental Loving Care Inc

Analysis

Parental Loving Care Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Parental Loving Care Inc reported income of $976k and spending of $981k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $888k to $976k (+9.9%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parental Loving Care Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Home Neighborly Service of Denver ($976k), Baptist Health Richmond Foundation Inc ($976k) and Plenty Inc ($976k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $103k (11% of expenses). Other salaries and wages came to $515k. At year end it held assets of $1.1m against liabilities of $42k, net assets of $1.1m. It reported 28 employees.