Parent Cooperative for Early Learning Inc

Analysis

Parent Cooperative for Early Learning Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Parent Cooperative for Early Learning Inc reported income of $958k and spending of $905k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $611k to $958k (+57%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Cooperative for Early Learning Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Nittany Valley Charter School Inc ($957k), Literacy Nassau Inc ($958k) and University of Southern Mississippi Research Foundation ($957k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Other salaries and wages came to $556k. At year end it held assets of $119k against liabilities of $5,442, net assets of $114k.