Parkside Child Development Center

Analysis

Parkside Child Development Center is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2011, 15 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, Parkside Child Development Center reported income of $3.8m and spending of $3.2m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parkside Child Development Center sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Victim Rights Law Center Inc ($3.8m), Transit Alliance Group Inc ($3.8m) and Pine Ridge Homes Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $176k (5.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.2m against liabilities of $47k, net assets of $4.2m. It reported 66 employees.