The Parenting Center

Analysis

The Parenting Center is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 1975, 51 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 December 2023, The Parenting Center reported income of $3.1m and spending of $3.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.1m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Parenting Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Jumoke Community Based Care Incorporated ($3.1m), Dress for Success Houston ($3.1m) and Show-Me Christian Youth Home ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $164k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.0m against liabilities of $111k, net assets of $2.9m. It reported 38 employees.