Parc Community Partnership Foundation

Analysis

Parc Community Partnership Foundation is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in May 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 June 2023, Parc Community Partnership Foundation reported income of $11.6m and spending of $12.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $402k to $11.6m (+2792%), an average of +132% a year. The sharpest change came in the year to June 2020, when income rose by 1766%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parc Community Partnership Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include David Nicklas Organ Donor Awareness Foundation Inc ($11.6m), Afya Foundation Inc ($11.6m) and Pride Group ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $331k (2.7% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $11.5m against liabilities of $565k, net assets of $11.0m. It reported 266 employees.