Parker Center for Family Business

Analysis

Parker Center for Family Business is a registered charity in United States, based in Corrales, NM. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Parker Center for Family Business reported income of $70k and spending of $18k, leaving 74% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $39k to $70k (+80%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Parker Center for Family Business sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within NM. Charities of a similar size with the same main cause include Spanish Lake Community Association ($70k), Pioneer Valley Grows Investment Fund Inc ($70k) and Emmaus Rotary Club Foundation ($70k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $80k against liabilities of $1,500, net assets of $78k.