Smart Love Parenting Center

Analysis

Smart Love Parenting Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2003, 23 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, Smart Love Parenting Center reported income of $3.2m and spending of $3.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smart Love Parenting Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include The Ivins Outreach Center ($3.2m), Cole Center Family YMCA ($3.2m) and Young Mens Christian Association of Marquette County ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $150k (4.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.2m against liabilities of $1.9m, net assets of $1.4m. It reported 40 employees.