Teen Parent Connection Inc

Analysis

Teen Parent Connection Inc is a registered charity in United States, based in Glen Ellyn, IL. It received its IRS tax-exemption ruling in March 1986, 40 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, Teen Parent Connection Inc reported income of $1.9m and spending of $1.6m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.9m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teen Parent Connection Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Big Sandy Activities Inc ($1.9m), San Diego Junior Theatre ($1.9m) and Bethesda Recovery Center ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $131k (8.4% of expenses). Other salaries and wages came to $898k. At year end it held assets of $2.7m against liabilities of $346k, net assets of $2.4m. It reported 31 employees.