Programs for Parents Inc

Analysis

Programs for Parents Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 September 2023, Programs for Parents Inc reported income of $8.6m and spending of $8.5m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.6m to $8.6m (-0.4%), an average of -0.1% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Programs for Parents Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include First State Community Action Agency Inc ($8.6m), Chiaravalle Montessori School ($8.6m) and Miss Dig System Inc ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $390k (4.6% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $6.8m against liabilities of $5.0m, net assets of $1.8m. It reported 104 employees.