Parkside Manor Inc

Analysis

Parkside Manor Inc is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 July 2023, Parkside Manor Inc reported income of $552k and spending of $517k, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $456k to $552k (+21%), an average of +4.9% a year. The sharpest change came in the year to July 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parkside Manor Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Ridge Oak II Inc ($552k), Northpoint Housing Inc ($553k) and Rising Sun and Ohio County Senior Citizens Housing Inc ($552k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.8% and program service revenue 83% of the total. Other salaries and wages came to $139k. At year end it held assets of $669k against liabilities of $52k, net assets of $616k. It reported 6 employees.