Band of Parents Inc

Analysis

Band of Parents Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Band of Parents Inc reported income of $864k and spending of $948k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $884k to $864k (-2.3%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Band of Parents Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Food Bank of the Lakelands ($864k), TLC Health & Wellness ($864k) and Sierra Senior Services ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $150k (16% of expenses). Other salaries and wages came to $33k. At year end it held assets of $466k against liabilities of $32k, net assets of $434k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.