The Parent Project for Muscular Dystrophy Research Inc

Analysis

The Parent Project for Muscular Dystrophy Research Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1994, 32 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 Parent Project for Muscular Dystrophy Research Inc reported income of $13.9m and spending of $12.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $13.9m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Parent Project for Muscular Dystrophy Research Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Inglis Foundation ($13.9m), Kaleidoscope Youth Development Services Inc ($13.9m) and Sarah Tuxis Residential Services Inc ($13.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $371k (3.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.4m against liabilities of $635k, net assets of $9.8m. It reported 26 employees.