Parents and Children Advance Together Literacy Ministries

Analysis

Parents and Children Advance Together Literacy Ministries is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in October 2010, 16 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 (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, Parents and Children Advance Together Literacy Ministries reported income of $523k and spending of $460k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $523k (+79%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Parents and Children Advance Together Literacy Ministries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Believe Center Inc ($523k), Indiana Center for Prevention of Youth Abuse and Suicide ($523k) and Big Brothers Big Sisters of South Central Ohio Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $66k (14% of expenses). At year end it held assets of $137k against liabilities of $0, net assets of $137k. It reported 28 employees.