Parkside Business & Community in Partnership Inc

Analysis

Parkside Business & Community in Partnership Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Parkside Business & Community in Partnership Inc reported income of $2.3m and spending of $1.4m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $849k to $2.3m (+174%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parkside Business & Community in Partnership Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Wisconsin Native Loan Fund Inc ($2.3m), Rebuilding Together Peninsula ($2.3m) and Shoreview Senior Residence ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $356k. At year end it held assets of $8.4m against liabilities of $6.2m, net assets of $2.2m. It reported 6 employees.