Police Athletic League of Parsippany Troy Hills

Analysis

Police Athletic League of Parsippany Troy Hills is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Police Athletic League of Parsippany Troy Hills reported income of $1.0m and spending of $952k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $1.0m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Police Athletic League of Parsippany Troy Hills sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Community Network Council ($1.0m), Madison Reading Project Inc ($1.0m) and Next Generation Focus Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $147k (15% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.8m against liabilities of $314k, net assets of $1.5m. It reported 29 employees.