Parents Inc of New Jersey

Analysis

Parents Inc of New Jersey is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in January 1980, 46 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, Parents Inc of New Jersey reported income of $832k and spending of $743k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $705k to $832k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parents Inc of New Jersey 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 80th percentile within NJ. Charities of a similar size with the same main cause include Asociacion Puertoriquena de Servic Y Ayuda Al Paciente Con Sida ($832k), Child Development Center Corporation ($832k) and Enriched Adult Day Care Inc ($832k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $121k (16% of expenses). Other salaries and wages came to $344k. At year end it held assets of $541k against liabilities of $99k, net assets of $442k. It reported 15 employees.