Parent Institute for Quality Education Inc

Analysis

Parent Institute for Quality Education Inc is a registered charity in United States, based in National City, CA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. 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, Parent Institute for Quality Education Inc reported income of $9.1m and spending of $7.9m, spending 86% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $4.8m to $9.1m (+88%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parent Institute for Quality Education Inc 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 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Whittier Christian High School ($9.1m), Boys & Girls Club of Whittier Inc ($9.1m) and Jewish Community Center on the Hudson Inc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $268k (3.4% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $9.1m against liabilities of $1.2m, net assets of $8.0m. It reported 438 employees.