Parent Network of New York State 1 Inc

Analysis

Parent Network of New York State 1 Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, Parent Network of New York State 1 Inc reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.4m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parent Network of New York State 1 Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Mercersburg Montgomery Peters and Warren Volunteer Fire and Ambulanc ($1.4m), Evkids Inc ($1.4m) and C N Wodehouse Salvation Army Trust ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (6.4% of expenses). Other salaries and wages came to $921k. At year end it held assets of $789k against liabilities of $78k, net assets of $711k.